Ayanna Pressley Introduces New Bill to Resolve Private Student Loan Debt

Nicole Rojas
Jul 23, 2019 - 5:30
Ayanna Pressley Introduces New Bill to Resolve Private Student Loan Debt

Congresswoman Ayanna Pressley (D-Mass.) introduced legislation aimed at helping private student loan borrowers improve their credit. The bill would establish processes similar to protections granted to delinquent or defaulted federal student loan borrowers.   The Student Borrower Credit Improvement Act would establish a credit rehabilitation process for borrowers and offer other measures to help struggling borrowers repair their credit score. Student loan debt is the second highest form of consumer debt behind mortgage debt and ahead of credit card debt and auto loans.    “My bill will help those borrowers who had to resort to private student loans — one of the riskiest ways to finance a college degree because these loans lack important...

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