Thinking About Debt Relief - Libby A. Nelson, Inside Higher Ed

In the next move for a federal agency ratcheting up its oversight of student loans, the Consumer Financial Protection Bureau is asking borrowers, lenders and others for feedback on what can be done to ease the burden of private student debt. The request for information is the latest indication that the bureau is interested in stepping up regulation of private student loans. Private loans make less than 15 percent of all outstanding student loans. But because interest rates are higher and repayment options less flexible than for federal loans, they’re frequently a source of consumer complaint. http://www.insidehighered.com/news/2013/02/22/federal-agency-requests-comment-private-loan-modifications