Student Repayment Services

On Tuesday, the California Assembly passed a first-in-the-nation "Student Borrower Bill of Rights," which aims to protect borrowers with student loans. Sponsored by Assemblyman Mark Stone, the bill, AB 376, primarily targets student loan servicers, which are responsible for collecting student loan payments and managing student loan accounts.

Student Loans Bill Of Rights Coming Soon To California Is a student loan bill of rights coming to California?

According to reporting by the Wall Street Journal, the Trump administration is evaluating options regarding the federal government's $1.4 trillion student loan portfolio. This could include but is not limited to, potentially selling all or some federal student loans to private investors. The Education Department has hired consulting firm McKinsey & Co. to evaluate potential losses regarding the federal student loan portfolio.

What do you think about the Federal Government turning your Federal Student Loans that come with government subsidized assistance into Private Student Loans that in no way allows you to work out payments, term or anything that has to do with easing the burden?

Is Betsy DeVos Selling Your Student Loans? What it all means for your student loans.