Center for American Progress, Generation Progress Respond to CFPB Report on Distressed Private Student-Loan Borrowers

Washington, D.C.–(ENEWSPF)–October 16, 2014.  Today, the Consumer Financial Protection Bureau, or CFPB, Student Loan Ombudsman released a report highlighting complaints from struggling student-loan borrowers who have been driven into default. David Bergeron, Vice President for Postsecondary Education at the Center for American Progress, released the following statement in response. Bergeron also testified before the Senate Banking Committee on student loans in July.

At a time when millions of student-loan borrowers are struggling to repay…