Rich Williams, a higher education advocate for U.S. Public Interest Research Groups (PIRG) said he’s looking forward to the consumer bureau’s work with student loans, as well as credit cards and debit cards issued on campus. With a director, the bureau can now set rules of the road for all providers of student loans, not just those issued by banks.
The CFPB is a new kind of regulator designed to do one job and do it well — protect Americans from toxic financial products. However, since July 21, the CFPB has been up and running, but only with partial powers. Now, with a director in place, the CFPB has additional abilities that kick in — including the right to regulate private student lenders like Sallie Mae.
Yesterday’s recess appointment by President Obama of Richard Cordray to head the new Consumer Financial Protection Bureau was applauded by groups that advocate for student financial aid.
Rich Williams, the higher education advocate for the U.S. Public Interest Research Group, said in a statement that Congress is “blindsiding about 143,000 students next year.”
Rich Williams, higher education advocate for the U.S. Public Interest Research Group, or PIRG, told Diverse that the move by the White House “is a positive step, but more needs to be done on student debt.”
Tired of the rising cost of education? CTVA major Marcos Castro said that’s why he’s looking for signatures for a petition demanding textbook companies lower their prices.
“It makes no sense that a box of Twinkies is less expensive than a bag of carrots.”
This statement, found on the website of the Oregon Student Public Interest Research Group, summarizes the main argument against government subsidies to agribusiness firms, and is at the heart of OSPIRG’s recent “Stop Subsidizing Obesity” campaign.
With Alameda County poised to adopt a single-use plastic bag ban soon, the Berkeley City Council decided at its meeting Tuesday night to officially inform the public that such a ban may be on its way in the city.
As part of its Sustainable U campaign, the New Jersey Public Interest Research Group aims to make the University more environmentally conscious by asking students to stop using plastic bags.
This week, President Barack Obama introduced two changes to the federal student loan program to help new borrowers. An estimated 1.6 million students will be eligible for the new repayment plan, which allows student borrowers to cap their loan repayments at 10 percent of their discretionary income, up from 450,000 under the current system. Another 6 million will be able to consolidate their debt, in some cases slightly reducing their interest rates.
