This bill establishes a new role to assist student loan borrowers and improves cooperation between two government agencies. It aims to make it easier for borrowers to get help with their loan issues.
If you have student loans, you could get better help resolving issues with your loans.
Who this affects
Anyone with student loans
What changes is this bill making?
1This bill creates a new position called the Student Loan Borrower Advocate.
2The Advocate will help borrowers with complaints about their student loans.
3It sets up a way for the Bureau of Consumer Financial Protection and the Department of Education to work together.
4The bill aims to improve support for people dealing with private and federal student loans.
5It updates the Consumer Financial Protection Act of 2010 to include these changes.
