The level of debt I took on for my degree was my choice, regardless of the consequences. But at the very least, students and families should be assured that the private loan products are fair and transparent.
If you have a yellow "Support Our Troops" sticker on your car -- or even if you don't -- you should know the name of the Senators who just sold out our troops, their families, and our military readiness for easy cash offered by auto dealers.
History instructs that the "independence" of the regulator is beside the point. Consumer protection depends on altering the fundamental relationship between the buyers and sellers of financial products.
With the bankers all over Capitol Hill advocating for these reforms, it is entirely unnecessary that anyone else do so. There is no need to find out more about the bill, or to contact your congressman.