Regulate Student Loan Servicers
Student loan companies often take advantage of students, charge excessive fees, and do not provide adequate information to borrowers. The result? There are more than 765,000 student loan borrowers in Colorado who have an outstanding debt of nearly $19 billion. We will strive to finally regulate companies that service student loans and create a student loan ombudsman to investigate complaints and provide assistance and education to borrowers.
Increase Loan Forgiveness Programs for Educators
An estimated 3,000 teacher jobs remain unfilled in Colorado, particularly in rural districts and in certain fields including math, science, and special Education. To address this shortage, we are working to improve — and finally fund — an existing program that would providing applicants as much as $5,000 in loan forgiveness upon completion of a year of teaching in a targeted geographically or subject area.