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Trump rescinds Obama guidance on student loan defaults
http://thehill.com/policy/finance/324590-trump-administration-rescinds-obama-guidance-on-student-loan-defaults-reportThe Trump administration on Thursday rolled back Obama-era guidance that forbade student loan debt collectors from charging high fees to defaulted borrowers, The Washington Post reported.
In a “Dear Colleague” letter, the administration tells agencies that collect on defaulted loan debt to disregard guidance prohibiting them from charging borrowers who default on their payments fees of as much as 16 percent of the loan’s principal and accrued interest.
2 replies
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= new reply since forum marked as read
the pig in the White House is not going to pay off. 
