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STATEMENT: Maggie Thompson on Secretary DeVos Rescinding Student Loan Borrower Protections

WASHINGTON, D.C. – Yesterday, Secretary of Education Betsy DeVos dismantled provisions designed to increase consumer protections for student loan borrowers and the quality of student loan servicing. Maggie Thompson, Executive Director of Generation Progress, issued the following statement in response:

“Secretary DeVos’ first actions on student debt prove that her Department prioritizes the financial interest of debt collectors and servicers over the rights of borrowers. Eliminating these safeguards will allow companies to harass borrowers and continue to provide shoddy service. We hear constantly from borrowers who are struggling with their servicers, and we only expect these complaints to intensify with these most recent, regressive rollbacks.”

For more information or to speak with an expert, contact Kyle Epstein at kepstein@americanprogress.org or 202.481.8137

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