Navient has taken advantage of too many hard working people in our community who are now saddled with unaffordable student loan debt. Forgiving student loan debt is good for families, small businesses, and the economy as a whole. This is a good step in the right direction, but we must continue to push for student loan forgiveness for everyone.
Victory For Virginia Student Loan Borrowers: SCC Finally Adopts Regulations to Oversee Student Loan Servicing Industry
Virginia Borrowers’ Bill of Rights leads the nation in student borrower protections Progress Virginia today celebrated a major win for the over one million student loan borrowers in the commonwealth—the Virginia State Corporation Commission has adopted regulations governing the operation of student loan servicers. The regulations are pursuant to a newly passed “bill of rights” […]
Help Is on the Way for Virginia Student Loan Borrowers!
More than a million Virginians are saddled with student loan debt, and a lot of them have to deal with sketchy student loan servicers that have a history of scamming borrowers. Check this–– nowadays these companies are not subject to the same rules and oversight that exist for other financial service providers, like credit cards […]
“It’s Like I’m in Quicksand.”
Alex’s student loan debt is crushing her. As a Newport News resident, who works two jobs and puts in over 60 hours a week in order to make her $1,300 monthly student loan payments, she is struggling to keep up with the payments. “It’s like I’m in quicksand,” she said. “I can’t take out any […]
Burdened With Student Loan Debt? Virginia Can Now Help.
Help is on the way for Virginians struggling with student loan debt. In June, Governor Northam signed a bill establishing a Student Loan Ombudsman for the Commonwealth, an office that will serve as a one-stop shop for borrowers to go to when they need unbiased advice on how to navigate their student loan repayments. This […]
Why Alex Drove 186.5 Miles to Protest Navient
My friend Alex has student loans, like a lot of us. After months of repayment, a new loan mysteriously appeared on her bill and her monthly payments shot up. So she called her student loan servicer, a company called Navient that contracts with the federal government to collect payments on student loans and help borrowers […]
Student Borrowers and Advocates Protest Navient and Trump Tax Scam
Borrowers and advocates protested student loan company expected to gain $204 million from Trump tax bill This Tax Day, student loan borrowers, advocates from Progress Virginia and Generation Progress, and Virginia Delegate Marcus Simon (D-53), protested outside of Navient’s offices in Reston, VA, to speak against the student loan company’s $204 million windfall from Trump’s […]
Student Loan Borrowers: Kiss Those Low Interest Rates Good-bye!
Kiss those historically low student loan interest rates goodbye! It’s July. Humidity has descended on Virginia, we’re at the height of crab season, and the federal government has spiked interest rates for student loans. It’s the first time the government has raised rates since 2014. What does that mean for you? If you took out […]
Digging Deeper into Debt – the Worsening Student Loan Crisis
On April 25, the United States will observe an important anniversary. Unfortunately, it won’t be a day that gives us pride or joy. It’s the five-year anniversary of the day we reached the $1 trillion mark for our collective student loan debt in America. One. Trillion. Dollars. And it continues to grow. It’s now at […]