kofunds

Are useful tools useful if student loan borrowers don't use it?

6/28/2019

 
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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Other interesting student loan topics in news & archive
  • ED proposes accreditation rules that may foster innovation but harm students
  • Policy fight for student debt forgiveness in 2020 presidential race
  • ITT Tech settlement erases debt for students
  • 180,000+ applications for student debt relief unresolved at ED
  • Little oversight of loan servicers hurting borrowers [archive]
  • Income sharing agreement puts risk of failure on students rather than institutions [archive]

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    Yoonki Lee founded The Project on Student Lending Transparency through kofunds. Supports more comprehensive student loan borrower protections and consumer rights in the US.

    Yoonki launched kofunds following his M.B.A. program at NYU Stern, where he attended as a Dean's Scholar and Grace & Jules Bachman Scholar. He's also part of the IT Innovation Business Development Group at Samsung SDS America, and received his B.S. from University of California, Berkeley. 

    Education
    University of California, Berkeley - Haas School of Business, B.S.

    New York University - Stern School of Business, M.B.A. Dean's Scholar and Grace & Jules Bachman Scholar
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