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CLLA NEWSWIRE | FROM THE CLLA NEWSWIRE
CLLA Update: Treasury Department Deputy Secretary Says More Data Needed to Address Student Debt Levels
CLLA Staff, Staff | May 05, 2014
Treasury Department Deputy Treasury Secretary Sarah Bloom Raskin said at an event this week that the administration will need the right data and information to prevent an increasing amount of delinquency and default on student loans before it can craft policies to handle the growing problem.
Raskin believes the task will need interagency collaboration, as well as cooperation with private debt services. The numbers available on student debt point to a radically shifting financial picture for college graduates. At the end of 2013, the amount of outstanding debt issued by federal student loan programs reached $1.1 trillion.
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