Wall Street’s Role in Education
Our Support for the Student Borrower’s Bill of Rights in Massachusetts
10 April 2018
At a time when student loan servicers are seeing their interests protected by Education Secretary Betsy DeVos and Congress—above the interests of individual consumers and student loan borrowers—a Student Loan Bill of Rights at the state level is absolutely necessary.
Blog, Existing Student Debt, Take Action, Wall Street's Role in EducationSenate Banking Deregulation Bill Leaves Scraps for Student Loan Borrowers
3 April 2018
In March, 2018, a bipartisan coalition of Senators passed a controversial bill that would rollback key financial reforms put in place after the Great Recession. While loosening rules on banking practices that contributed to the financial crisis of 2008, the bill’s proponents argue that they included “consumer protections” for the U.S.’s 44 million student loan borrowers.
However, the Consumer Federation of America concludes that these touted-protections will actually do very little to help those with student debt.
DeVos Education Department Acts to Prevent States from Protecting Student Loan Borrowers: What Our Partners and Allies Think
13 March 2018
Secretary of Education Betsy DeVos acted to stop states’ legal right to protect their residents from bad practices by student loan servicing companies. Consumer and students’ rights groups reacted strongly against this move to protect financial companies over student loan borrowers.
Blog, Existing Student Debt, Wall Street's Role in EducationWealthy Institutions Can—and Should—Invest More in Low-Income Students, Says Ed Trust
4 August 2016
Nearly 4 in 5 of these wealthy institutions have an annual net price for low-income students that exceeds 60 percent of their annual family income. These colleges can and should do more to enroll a greater number of low-income students and to make college more affordable.
Blog, Wall Street's Role in EducationHow Hedge Funds Loot College Endowments
13 May 2016
If hedge fund fees were comparable in 2012, that means that higher education financing costs actually topped $50 billion or nearly 10 percent of all higher education spending.
Blog, Wall Street's Role in Education