December 2012 Blog Posts (1)

Open Letter to Mr. Arne Duncan, U.S. Secretary of Education

Student loan borrowers have lost the consumer protection rights. As the case described here indicates, the U.S. Department of Education is moving in the direction where it is trying to remove consumer protection rights from student loan applicants as well. If this becomes an accepted business practice, then when a student loan applicant fills in an application, the applicant owes the full amount applied for, plus interest and penalties. No proof is needed of actual borrowing of…

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Added by Thomas Eklund on December 23, 2012 at 9:30pm — No Comments

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