Avoid The Debt Trap provides you with the tools to avoid misleading and predatory practices by financial institutions and the knowledge you need to protect yourself, empowering students as financial consumers. This guide will help you understand and manage the basics of personal finance: banks, bank accounts, ATMs, bank fees, credit & debit cards, credit scores, budgeting, debt collection, ID theft, and financial privacy.
Thousands of American students are using the Consumer Financial Protection Bureau’s (CFPB) public Consumer Complaints Database to settle disputes about private student loans.
Sallie Mae, the student lending giant, generated the most private student loan complaints nationally, and ranked first or tied for first in every single state. Student loan borrowers in the U.S. carry $24,803 on average in total student loan debt.
This report is the second of several that will review complaints to the CFPB nationally and on a state-by-state level. In this report we explore consumer complaints in the private student loan sector with the aim of uncovering patterns in the problems consumers are experiencing with their student loans.
Having the facts can make all the difference when it comes to health insurance. To make the most of new choices, protections and financial help, you need good information. This guide can help you find quality coverage that won’t break the bank.
PIRG In The News
On Tuesday, students delivered 130,000 petitions to Congress urging them to not double interest rates on student loans. US PIRG higher education advocate, Rich Williams, and Save the Bay campaign coordinator Sam Durdock, are featured in the video clip of this media. Read the full story and be sure to visit the web link to see the video!
A push to create free or inexpensive textbooks is gaining momentum as educators, philanthropists and policymakers nationwide search for new ways to rein in college costs.
Yesterday, the Diamondback editorialized about textbook costs and the proposed state law that would create a tax holidays for textbooks during the first 2 weeks of the semester. Unforuntately, this is not a real solution to textbook affordability and the Diamondback agrees. Check out the full article and the quotes from our US PIRG report about textbook affordability.
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