From the Consumer Financial Protection Bureau Re: Student Loans

Paying for College
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<p>"Today, we announced that we’re gathering information to come up with a plan to address the challenges many struggling borrowers face to find a more affordable payment plan on their private student loans. We need your ideas and help to stem the tide of trouble for many student loan borrowers."</p>

<p>"We need your input to help student loan borrowers experiencing distress and default. Learn more about this project and how you can contribute ideas. We want to hear from borrowers, lenders, schools, and everyone with a stake in the success of this market by April 8th."</p>

<p>If you are a student or parent of a student struggling to pay off student loans, go to the link on this website and make yourself heard.</p>

<p><a href="http://www.consumerfinance.gov/blog/help-stop-the-student-debt-domino-effect/%5B/url%5D"&gt;http://www.consumerfinance.gov/blog/help-stop-the-student-debt-domino-effect/&lt;/a&gt;&lt;/p>

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<p>Apparently, there is some discussion about possible loan modifications similar to what was done with mortgages.</p>

<p>I told you so …</p>