Student borrowers 'preyed upon' by loan servicers, but lawmakers want to change that

, strengthen credit reporting standards, block debt collectors from unfairly going after student borrowers, protect private student loan borrowers and help borrowers with student debt purchase their first home.

"Student loan borrowers deserve and need the same protections that all consumers are entitled to in this country," Ashley Harrington, senior policy counsel for the"The solution to the student debt crisis is both working on front-end and back-end affordability," Harrington says. And that affordability on the back end includes strong servicing protections and quality servicing for all borrowers, she added.

"We've put up a paywall to the middle class, and if there's one thing that Americans don't deserve it's more paywalls," he says. Those issues, however, likely fall under the purview of the Education and Labor Committee and the Education Department, Waters said Tuesday. But she noted that she believes the House Financial Services Committee can take a stand on student loan servicing.

"The rapidly increasing growth of student debt is indeed a national crisis and it is not something we should be playing politics with at all," Rep. Gregory Meeks said during Tuesday's hearing.

MakeIt If school tuition and registration fees are so high, how are lenders to blame?

MakeIt Umm, no one is making those borrowers sign the papers. It’s called individual responsibility and free market economics. 1: if loans were not in demand, the lenders would go out of business. 2: if borrower makes the decision to take out the loan, they should live w/ the terms.

MakeIt Happened on 7th Sep. Do you see the civilians who were under attack doing anything harmful? They were not even geared up for protest. This is what HKPoliceTerrorism means. POTUS 10DowningStreet WhiteHouse UKParliament UN G7 iingwen BBCWorld CNN bpolitics ReutersChina

MakeIt Why does James Brown care?

MakeIt Parent loans are a ripoff. Don’t do it.

MakeIt Who preyed on the synagogue in Minnesota and why is the media protecting the suspects identity? EnemyOfThePeople

MakeIt You mean the government?

MakeIt They choose to sign for the loan they are not forced.

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