CFPB Report Finds College Tuition Payment Plans Can Put Student Borrowers at Risk

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) issued a new report finding that students face risk when entering into agreements with colleges to spread the upfront cost of tuition into several, interest-free loan payments. The report, which looks at tuition payment plans…#cfpb #rohitchopra #60percent #coercive #snowballing #borrowers #confusing
Source: Reuters: Health - Category: Consumer Health News Source Type: news