Proposed Bill Would Eliminate Automatic Default For Private Student Loans

Proposed Bill Would Eliminate Automatic Default For Private Student Loans

Between finding a job, finding a place to live, paying bills, and generally being an adult for the first time in their lives, many recent college graduates face a slew of challenges. One thing they shouldn’t have to think about is automatically defaulting on a student loan when a co-signer dies or files for bankruptcy. Today, legislators proposed a bill to protect consumers from getting stuck in this trap. [More]