| | 1: | | Title: | | | | | Volume/Number: | 2017 April 24 | | | | Issuing Agency: | | | | | Description: | Private companies that service college loans will profit at the expense of students because the Trump administration killed commonsense changes to reduce the default rate among college borrowers, Illinois State Treasurer Michael Frerichs said today.Lets be clear about what President Trumps changes mean. These service centers, when speaking with college graduates who want to work out a payment plan, will not have to tell the truth, Frerichs said. It will needlessly result in more college defaults for individuals and higher profits for corporations at the expense of every-day taxpayers. | | | | Date Created: | 04-24-2017 | | | | Agency ID: | | | | | ISL ID: | 000000078698 Original UID: 192747 FIRST WORD: Trump | |
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