White House Student Aid Bill of Rights: Does it go far enough?

On behalf of The Rollins Law Firm posted in Debt Relief on Monday, April 6, 2015.

OK, we all know that student loan debt is a serious problem across the United States.

But how big of an issue is it, really?

Short and quick answer: Outsized. Off the charts. So challenging in many instances that it seriously compromises the quality of life and future opportunities of millions of Americans.

When the White House formally weighs in on the matter, you know it's of troubling dimensions.

Officials from within the Obama administration -- including the president himself -- have in fact often addressed the sorely perplexing problem of spiraling debt levels that challenge millions of students.

The White House recently spotlighted the matter through its new emphasis on a so-called Student Aid Bill of Rights. The document features a few key points that address material concerns and considerations central to the country's educational system and the loan process.

One media commentary on the bill -- which, of course, is primarily symbolic in nature and lacking legislative teeth -- both lauds and criticizes it.

On the one hand, notes Bob Hildreth, an educational reformer commenting on the document for the Huffington Post, the bill is notably salutary for the spotlight it accords student debt.

On the other hand, Hildreth says that the bill is primarily focused on the mere management of high debt levels rather their curbing through what is truly important, namely, reduced tuition fees for all students.

Given that, he notes, the enumerated rights "do not lift the shackles of debt from the backs of our students."

Only a cutting back on "the exorbitant rise in tuition" can do that, he says.

Interestingly, Hildreth joins other reform writers who have endorsed the idea of making it easier for students overwhelmed by educational debt to discharge it through the bankruptcy process.

Client Reviews
★★★★★
I had a wonderful experience. The staff were nice and very informative. The process was quick and easy. Very affordable for me being a single parent. Would recommend anyone there. - Lashay H.
★★★★★
The Rollins firm assisted me at a very low point in my life. After having a lot of medical issues and expenses, I found myself unable to make ends meet. Mr. Rollings and his staff worked very promptly to help. They made the process so easy to complete. - Vinester Smith.
★★★★★
Fast response and professional advice. Really great to work with and understand what a difficult time in one’s life this is. Will recommend to anyone - Bryan Aust.
★★★★★
My wife and I were in an impossible financial situation where over time, we had built up so much debt that we could no longer keep up with all the payments. We were getting further and further behind until we reached out to the Rollins Law Firm for help. They have the knowledge and expertise through their experience to handle our particular situation. Their entire team of professionals are always available to answer questions, explain your options, and then provide the legal service that you need to relieve your financial worries and get you back on the right track! I recommend the Rollins Law Firm to anyone who needs help to deal with financial struggles. - Mike Zegelien.