Petition statement to be delivered to Betsy DeVos, Education Secretary

Tell Education Secretary DeVos: No Student loan late fees of 16%!

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Tell Education Secretary DeVos: No Student loan late fees of 16%!

To be delivered to Betsy DeVos, Education Secretary

Petition Statement

I am a concerned citizen who does not agree with your changing rules to allow Students who miss payments on student debt to be charged fees of up to 16%. This is called Loan Sharking by another name. I do not feel the U.S.A. should be gouging our young students who happen to miss a payment due to hard times.
There are currently 318 signatures. NEW goal - We need 400 signatures!

Petition Background

Education Secretary Betsy Devos just okayed further gouging of student borrowers.

Lenders can charge 16% fees on borrowers who miss payments after DeVos axed former President Obama's policy that prohibited companies from gouging students.

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