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Sound off on private student loans to the CFPB

Wednesday, January 11, 2012

Whether it's two sentences or two pages, the new Consumer Financial Protection Bureau (CFPB) wants to hear from you if you've had any experience with private student loans. Here's what they say:

If you've ever borrowed a private student loan, tell us more about whether this market did or did not work for you. Why did you take out a private loan? How did you decide to do it? Did it affect your study or career choices?

Your story gives your unique perspective on how people make decisions about which loans to borrow. That’s a perspective we want to hear. To make sure this market works for students, lenders, and schools, we need more information from the people who know this market best. We want to hear from anyone who has ever dealt with these loans: students, their families, school counselors, lenders, and servicers.

Tell us about your experience with private student loans. www.consumerfinance.gov/students/your-experience-with-private-student-loans/

We'll read every single comment. This summer, when we prepare a report to Congress on the private student loan market, your comment will help inform our work. And your comment will be part of the Federal Register so other people who may share a similar experience to yours can read it.

Your comments must be submitted by Tuesday, January 17