Bureau Publishes Sample Letter to Help Borrowers Request Repayment Options
WASHINGTON, D.C.—(ENEWSPF)—October 16, 2014. Today the Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman released a report highlighting complaints by struggling private student loan borrowers who describe being driven into default. Distressed borrowers report that they receive very little information or help when they get in trouble, that there are no affordable loan modification options available, and that the alternatives to default are temporary at…
