By Levi Pine
Subprime lending may have brought the world financial market to the brink of ruin, but several higher education advocacy organizations argue student lenders are continuing the same practices.
In a report released Dec. 1, “Subpriming Our Students: Why We Need a Strong Consumer Financial Protection Agency,” the organizations outline the need for borrower protection in the student loan industry. The report was produced by U.S. PIRG, the United States Student Association (USSA), and Demos, groups that advocate for students and consumer protection.
The study showed that