America's students are facing a serious threat from subprime private loans, and the situation could worsen unless Congress votes to close a potential loophole in the proposed Consumer Financial Protection Agency.
Signed into law on May 22, 2009, the Credit CARD Act has benefited millions of households in ways that directly affect their monthly budgets.
Until about the mid-1990s, debt was the exception, not the rule.
A Federal-State Partnership to Increase State Investment and Return to Debt-Free Public Higher Education