Thread by @aarthiswami, Senators @ewarren @SenSherrodBrown @KamalaHarris @SenatorDurbin @SenSanders @amyklobuchar + others are calling for [...]

Aarthi Swaminathan

aarthiswami

Senators @ewarren @SenSherrodBrown @KamalaHarris @SenatorDurbin @SenSanders @amyklobuchar + others are calling for student loan companies to help borrowers holding private student loans.

so far they've been left out of the stimulus pkg.

letter: https://www.warren.senate.gov/imo/media/doc/2020.04.06%20Letters%20to%20Loan%20Servicers%20re%20COVID-19%20impact%20on%20private%20loans.pdf

the group has written to:
- Wells Fargo
- SLM Corp (Sallie Mae)
- Navient
- Citizens Financial Group
- Discover
- PNC
- Truist
- PHEAA
- MOHELA
- Sofi
- LendKey
- Reunion Student Loan Finance Corporation
- College Ave

Lawmakers: "For private student loan borrowers, these economic disruptions will be uniquely devastating due to private student loan borrowers' lack of critical protections, forgiveness programs, and repayment options available to federal student loan borrowers."

consumer advocates have flagged this days, weeks ago. and i've gotten a few emails from disappointed (pvt loan) borrowers.

now we'll have to wait to see how these lenders respond. https://finance.yahoo.com/news/coronavirus-100-billion-private-student-loan-market-125356980.html

Coronavirus shutdown: Consumer advocates worry about $100 billion private student loan market

While Congress works out a temporary fix to help student loan borrowers affected by the coronavirus, or COVID-19, consumer advocates worry about those holding private loans.

https://finance.yahoo.com/news/coronavirus-100-billion-private-student-loan-market-125356980.html

Democratic Senators are worried about leaving private student loan borrowers behind.

our story http://yhoo.it/2yzXT0L

Democrats to private student loan lenders: '‘Cancel or discharge as many delinquent loans as...

Democratic lawmakers are calling on private student lenders to offer debt relief to borrowers amid the coronavirus, or COVID-19, outbreak.

http://yhoo.it/2yzXT0L

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