{"id":38212,"date":"2023-03-15T01:59:52","date_gmt":"2023-03-15T05:59:52","guid":{"rendered":"https:\/\/d56fg8tfg.fitnews.club\/finance\/consumer-financial-protection-bureau-takes-first-step-to-develop-student-loan-affordability-plan\/"},"modified":"2023-03-15T01:59:52","modified_gmt":"2023-03-15T05:59:52","slug":"consumer-financial-protection-bureau-takes-first-step-to-develop-student-loan-affordability-plan","status":"publish","type":"post","link":"https:\/\/d56fg8tfg.fitnews.club\/finance\/consumer-financial-protection-bureau-takes-first-step-to-develop-student-loan-affordability-plan\/","title":{"rendered":"Consumer Financial Protection Bureau Takes First Step to Develop Student Loan Affordability Plan"},"content":{"rendered":"
Bureau to Pursue Alternative Repayment Options for Private Student Loan Borrowers <\/strong><\/p>\n WASHINGTON, D.C.<\/strong> \u2014 Today, the Consumer Financial Protection Bureau (CFPB) announced that it is gathering information to develop options for policymakers to make repayment of private student loans more manageable for struggling borrowers. The CFPB has found that private student loan borrowers who wish to pay their loans, but face high payments, lack alternative repayment and refinance options.<\/p>\n \u201cToo many private student loan borrowers are struggling with unwieldy debt that prevents them from climbing the economic ladder,\u201d said CFPB Director Richard Cordray. \u201cWe will be analyzing plans for policymakers to consider that might help avoid a repeat of the mortgage meltdown for today\u2019s student loan borrowers.\u201d<\/p>\n In October 2012, the CFPB Student Loan Ombudsman released a report<\/span>