Newsroom 4.4.17

  • If Navient is your loan servicer, you might want to pay a little more attention to what they're doing. In a court filing, Navient says that borrowers cannot count on Navient to "act in the interest of the consumer." Uh oh.  [Bloomberg]


  • Is the government starting to pay attention? NY Fed President William Dudley recently said that growing student loans debt leads to fewer people owning homes, a reduction in consumer spending, and an erosion of colleges' and universities' ability to elevate lower-income students. Sounds about right. [NBC News

William Smith