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Private student loan borrowers - PowerPoint PPT Presentation

CFPB Update

CFPB Update. John Dean Washington Partners, LLC January 2012. About this presentation. This presentation is not legal advice and should not be relied upon as such.

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Ways to Help Million Of Americans With Student Loan Debit Crises

There are 44 million student loan borrowers holding a total of almost $1.5 trillion in student-loan debt. Figures Said Ten million or more federal student-loan borrowers are in default. As Per Survey By Student Loan Help Center, There CEO Bruce Mesnekoff said One in seven borrowers will default on federal student loans within three years of repayment. In total, more than 50 percent of people saddled with student debt are unable to pay their debts at all. Bruce Mesnekoff Said Under Graduate or Just Graduate borrowers are finding it difficult to keep up with their monthly payments, choosing to delay starting families and buying homes Older borrowers also are affected, with over one-third of borrowers over the age of 40 troubled to remain current on their loan payments.

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154 views • 2 slides

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Private student loan borrowers - PowerPoint PPT Presentation

CFPB Update

Ways to Help Million Of Americans With Student Loan Debit Crises