The Federal Government Role in Student Loan Servicing... And How It Can Be Fixed
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Total student loan debt in the U.S. is estimated to be worth trillions of dollars. College debt affects millions of borrowers. And according to the Federal Reserve, the average student loan debt per borrower is more than $30,000 per student. The federal government has a role in the way that student debt is administered, especially as forgiveness has come to the front of the broader political conversation.
Ben Kaufman is the Director of Research & Investigations at the Student Borrower Protection Center. Prior to joining SBPC, he worked as a Financial Analyst at the Consumer Financial Protection Bureau and in investment banking at JPMorgan. As part of our #MoneyMonday series, he joined the show me to discuss student debt and the governments role in administering it.
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