Washington has appointed a 15 person panel to discuss a process aimed at educational loans. The panel will tackle distance education, parent PLUS loans and campus debit cards.
Suzanne Martindale an attorney with Consumers Union proposed adding a regulation to prevent colleges’ manipulation of their loan default rates. Another issue being looked at is distance education programs outside the state in which they are headquartered, making each school requirement-to seek approval from regulators in each state.
However, The House of Representatives passed legislation in 2012 that would block the Education Department from enforcing such a law. This is NOT good enough! We need to help past students who are in student debt up to their ears.
I think they should personally forgive all the student loans for any past students, who have been in forbearance for over 3 years. I also think they should make university more affordable. Enough with committees, they do not do enough to help our citizens, instead it is just another way to give lip service to the underlying problem, which is: Unaffordable education!! Give a break and breathing space to the graduates that have been unemployed and unable to pay their debt, it’s time to step up and really help!
Bearla International Studies
Elizabeth Koukladas Director
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