Some 43.3 million Americans are saddled with student debt totaling $1.26 trillion. Many are not happy about it.
Indeed, complaints to the Consumer Financial Protection Bureau about student lending practices have surged 78 percent since last year. There were 1,254 complaints in August alone, the same month the agency fined Wells Fargo $3.6 million for charging student loan customers illegal fees and providing misleading payment information.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
Today's political cartoons - May 11, 2024Cartoons Saturday's cartoons - bathroom blues, family feud, and more
-
5 blustery cartoons about the Stormy Daniels testimonyCartoons Artists take on gag orders, lurid details, and more
-
The Idea of You review: 'impossible escapism' starring Anne HathawayThe Week Recommends Steamy romcom about a 40-year-old who falls for a boy band singer
-
Empty-nest boomers aren't selling their big homesSpeed Read Most Americans 60 and older do not intend to move, according to a recent survey
-
Brazil accuses Musk of 'disinformation campaign'Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
-
Disney board fends off Peltz infiltration bidSpeed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
-
Disney and DeSantis reach detenteSpeed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
-
Visa and Mastercard agree to lower swipe feesSpeed Read The companies will cap the fees they charge businesses when customers use their credit cards
-
Reddit IPO values social media site at $6.4 billionSpeed Read The company makes its public debut on the New York Stock Exchange
-
Housing costs: the root of US economic malaise?speed read Many voters are troubled by the housing affordability crisis
-
Feds cap credit card late fees at $8speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
