Information access. There are many helpful tools for student loan borrowers, but not enough borrowers easily find or use the resources. For example, Department of Education (ED) recently updated its web-based tool College Scorecard as an alternative to enforcing accountability measures, like Gainful Employment (GE) regulations that require for-profit colleges to report graduates’ debt and earnings. But is the Scorecard accessible enough to rescind GE regulations that inform consumers at critical touchpoints? Same questions apply to other student loan solutions. If a tree falls in a forest and no one is around to hear it, does it make a sound?
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AuthorYoonki Lee founded The Project on Student Lending Transparency through kofunds. Supports more comprehensive student loan borrower protections and consumer rights in the US. |