FOR IMMEDIATE RELEASE: April 24, 2018

CONTACT: Natalia Abrams | 646.820.8037 | natalia@studentdebtcrisis.org

 

ADVISORY: Six Years After Student Loan Debt Surpassed $1 Trillion, Non-Profits Host Webinars to Help Borrowers

On 1T Day, Student Debt Crisis and Higher Ed, Not Debt partner up to lead a day-long series of webinars to help student loan borrowers

Washington, D.C.— April 25, 2018, marks six years since student loan debt hit $1 trillion. To commemorate this anniversary, Student Debt Crisis and Higher Ed, Not Debt will partner up to lead a series of webinars to do the job that student loan services refuse to do—help borrowers. While companies like Navient and Nelnet rake in millions of dollars in profits and savings from tax cuts passed into law last year, and face legal scrutiny from various state watchdogs, non-profits have stepped up to help borrowers navigate the confusing world of student loans. These workshops will give federal student loan borrowers an update on federal legislation that impacts their student loans and will outline the repayment plan options available. To watch any of the four webinars happening throughout the day, click here.

“Like many Americans, we can feel frustrated by the slow progress we see in Washington. However, we are driven by supporters who combat economic injustice every day despite the dire financial situations they face at home,” said Natalia Abrams, Executive Director of Student Debt Crisis. “Students and borrowers are brave for standing up, they are bold for sharing their stories, and yet they are burdened by our broken student loan system. That is why we are dedicating this year’s 1-TDay to paying it forward with a series of free workshops designed to help borrowers understand their repayment rights and improve their financial wellness.” 

“Secretary Betsy Devos’ Department of Education has rolled back what little consumer protections borrowers had while paying back their loans and has taken no action to address the runaway cost of a college education and protect student loan borrowers. Someone needs to lookout for the consumers and borrowers being cheated by student loan companies. These webinars will help consumers make informed decisions about their future,” said Maggie Thompson, Executive Director of Generation Progress.

For more information or to speak with an expert, contact Natalia Abrams at natalia@studentdebtcrisis.org or 646.820.8037.

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Student Debt Crisis is a nationwide advocacy group with over 1,000,000 supporters calling for fundamental reforms to student loan and higher education policies.

 

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