TBA Law Blog

Posted by: Brittany Sims on Mar 11, 2015

President Barack Obama yesterday announced a medley of modest steps to bring some order to a notoriously chaotic student loan system. Obama unveiled his "student aid bill of rights" before a gymnasium packed with nearly 10,000 students at Georgia Tech, where he said the nation must mobilize to bring about deeper changes to student loans. Ahead of his visit, Obama signed a presidential memorandum with policy tweaks that don't require new legislation from Congress targeting third parties like Navient — formerly Sallie Mae — that contract with the government to collect on loans. WSMV has more from the Associated Press.