Washington, D.C. – With the student loan interest rate about to double this July for almost 8 million loan borrowers, WashPIRG Students and coalition partners deliver over 130,000 letters to Congress urging a different plan.
Washington, D.C. – Today, President Obama is taking a bold step to protect student consumers from financial tricks and traps by announcing a recess appointment of his well-qualified nominee, Richard Cordray, to head the new Consumer Financial Protection Bureau. The CFPB can improve private student loans as well as credit cards and debit cards issued on campus.
The Textbook Rebellion kicked off a six-week, cross-country tour with events planned for 40 campuses nationwide. At the tour stop, the University of Maryland, coalition members, students, faculty and a representative from the U.S. Department of Education were joined by the tour mascots, 'Mr. $200 Textbook' and 'Textbook Rebel,' to announce the launch.