Outstanding student loan debt has surpassed $1.7 trillion
What was once an issue for a few has grown to a full-blown crisis for many – and our nation as a whole.
Forced to move back home with their parents, the next generation is delaying many important life events, from marriage and homeownership to simple financial independence, as they turn to their parents for support.
The problem then compounds as parents delay retirement to help their troubled children.
The vicious cycle of debt goes around and around, and at the center are loan providers and big banks.
Whats worse, our government has looked the other way while these abusive practices continue. Congress can solve this problem.
We are defending bankrupt individuals from the vicious cycle of debt at the core of some lenders’ and big banks’ business model and shining a light of hope at the lowest point in their financial lives.
We are defending bankrupt individuals from the vicious cycle of debt at the core of some lenders’ and big banks’ business model and shining a light of hope at the lowest point in their financial lives.
The mission of the Student Loan Defense Fund is to stop lenders and big banks from collecting debt on bankrupt individuals and ensure these financially-strapped young adults facing the lowest point in their financial lives are afforded a real opportunity at a new start.
We believe one of the keys to a stronger American economy is ending the vicious cycle of debt that weighs down individuals and families and stands in the way of entrepreneurship and small business growth.
That includes stopping companies that mire students in debt with endless fees and usurious interest that compounds into perpetuity, from continuing to collect debt from bankrupt individuals to ensure they can begin anew as productive, contributing adults.
