KQED Radio
KQED Newssee more
Latest Newscasts:KQEDNPR
Player Sponsored By
upper waypoint

Student Loan Watchdog Resigns, Says Agency Prioritizes Banks Over Students

52:30
at
Save ArticleSave Article
Failed to save article

Please try again

Students pull a mock 'ball & chain' representing America's $1.4 trillion outstanding student debt at Washington University in St. Louis, Missouri, where the second presidential debate between Republican nominee Donald Trump and his Democratic counterpart Hillary Clinton was held on October 09, 2016. (Paul J. Richards/AFP/Getty )

Seth Frotman, the student loan ombudsman for the Consumer Financial Protection Bureau and leading watchdog for the $1.5 trillion student loan industry, resigned on Monday. In a pointed letter to the bureau’s director, Mick Mulvaney, Frotman says that the bureau is protecting corporate interests over student borrowers, making his job untenable. Frotman’s resignation follows recent decisions by the Department of Education to eliminate regulations for for-profit schools and roll back borrower-protections set during the Obama Administration. Forum discusses the state of student debt. And we want to hear from you: What’s been your experience with student loans? If you had the chance, would you take them out again? Why or why not?

Guests:

Ben Miller, senior director of postsecondary education, Center for American Progress

Suzanne Martindale, senior staff attorney, Consumers Union

Sponsored

lower waypoint
next waypoint
Can Science Explain a Broken Heart?Election 2024: Key Races and Ballot Measures in the March PrimaryBarbara McQuade on the Disinformation That's 'Sabotaging America'After Closure Announcement, a Look at Macy’s Heyday…and Union Square’s FuturePolitical and Legal Fallout Continues After Alabama IVF RulingElection 2024: SF’s Prop F Would Cut Cash Aid for People Who Use Drugs and Refuse TreatmentThe Explosion of Beirut’s Port Told Through the Lives of Women in “All She Lost”Election 2024: Concerns about Joe Biden Focus Spotlight on Kamala HarrisPerformance Reviews are Underperforming. What Should Replace Them?Tommy Orange’s ‘Wandering Stars’ Examines the Legacy and Consequences of Cultural Erasure