Petition Closed
Petitioning United States Deputy Secretary of Education Mr. Anthony W. Miller and 3 others
This petition will be delivered to:
United States Deputy Secretary of Education
Mr. Anthony W. Miller
United States Under Secretary
Ms. Martha Kanter
Executive Director, White House Initiative on Historically Black Colleges and Universities
Mr. John Wilson
U.S. Secretary of Education
Arne Duncan

HELP STUDENTS! Stop Spending a Billion Dollars on Student Loan Collectors

By: Student Loan Counselors at R&B Solutions, Waukegan IL.

With $67 billion of student loans in default, the Department of Education has turned to private debt-collection companies to pursue borrowers. The Department of Education spent a billion dollars last year to collection agencies that collect on defaulted student loans. The reality is that almost no one should default if adequate default prevention and aversion strategies were put into effect.Delinquencies and default rates are rising as indebted student loan borrowers struggle to repay hefty student loans.

Americans are still recovering from the mortgage crisis, which resulted in millions of Americans losing their jobs and homes. Now a new crisis is affecting students as they have large loan debt, and they cannot find jobs or earn a high enough income to repay the debt causing them to default on their loans.  There is a solution though; most students would never enter the collection process to begin with if the Department of Education focused on assisting students with repayment options already available.

 We urge you to sign our petition and share it with everyone you know to protect student loan borrowers from collection agencies by providing students with the assistance necessary to guide them through the loan repayment process.

Sources: Bloomberg, Department of Education, LA Times, NY Times and R&B Solutions

 

 

 


Letter to
United States Deputy Secretary of Education Mr. Anthony W. Miller
United States Under Secretary Ms. Martha Kanter
Executive Director, White House Initiative on Historically Black Colleges and Universities Mr. John Wilson
and 1 other
U.S. Secretary of Education Arne Duncan
I just signed the following petition addressed to: U.S. Secretary of Education, Arne Duncan.


By: Student Loan Counselors at R&B Solutions, Waukegan IL.


We are asking the Secretary of Education to divert money being given to collection agencies to fund a successful default aversion and prevention program. A successful program helps each student know their available payment relief options, provides assistance in student loan debt management, and helps students with other options that are available to repay their loan.


Goal - We need as many people as possible to sign this petition so we
can present this case to the U.S. Department of Education. Please show your support and sign this petition.


(R&B Solutions is not a lender, student loan servicer, or a school, but an independent non-conflicted organization. R&B Solutions has helped more than a million students with their loans. This assistance has resulted in preventing 7 billion dollars of student loans from going into default.)


Sincerely,