Student Loan Servicing - Analyses of Practices & Reform Recommendations (Hardcover)

Student loans make up the nation's second largest consumer debt market, surpassing all other categories of consumer debt aside from mortgages. Servicers are a critical link between borrowers and lenders. They manage borrowers' accounts, process monthly payments, and communicate directly with borrowers. The servicer is often different than the lender, and a borrower typically has no control over which company services a loan. Regrettably, widespread servicing failures are being reported by both federal and private student loan borrowers. This book reviews and discusses public comments submitted in response to a request for information regarding student loan servicing by the Consumer Financial Protection Bureau. It includes recommendations for policymakers and market participants to improve borrower outcomes and reduce defaults, offering a roadmap for student loan servicing reform. This book also identifies a range of challenging issues for servicemembers with student loans.

General

Imprint:	nova science publishers
Country of origin:	United States
Release date:	February 2016
Editors:	Carly Adkins
Dimensions:	230 x 155 x 17mm (L x W x T)
Format:	Hardcover
Pages:	120
ISBN-13:	978-1-63484-567-0
Categories:	Books > Social sciences > Education > Organization & management of education > Funding of education Promotions
LSN:	1-63484-567-6
Barcode:	9781634845670

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