'I've had this black cloud looming over me': How private lenders have left millions of college students with no hope for the future

Contributing sentiments towards policy:

55% : Inside the mailer, there was a disclosure saying that borrowers should "still consider" Biden's plans for federal debt relief but "should also take time now to prepare for your payments to restart, including the opportunity to refinance your student loan debt at a lower APR or to extend your term to achieve a lower monthly payment."
53% : "Regardless, the student loan debt that was supposed to be an investment in their futures is dragging them down."
48% : She added: "And there really isn't much by way of federal regulation to govern those kinds of products and services."
44% : Suzanne Martindale, the senior deputy commissioner for consumer protection at California's Department of Financial Protection and Innovation, told me that the issue with borrowers seeking out private lenders was "that there has not been a ton of federal oversight.
44% : That means private borrowers didn't benefit from the student-loan-payment pause that began in March 2020 -- and they wouldn't have been included in Biden's plan to cancel up to $20,000 in student debt per borrower had the Supreme Court upheld it.

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