Group of senators urge student loan services to give military members full benefits

Sen. Barbara BoxerBarbara BoxerDems gain upper hand on budget Overnight Finance: Senate rejects funding bill as shutdown looms | Labor Dept. to probe Wells Fargo | Fed to ease stress test rules for small banks Funding bill rejected as shutdown nears MORE (D-Calif.) led a group of 24 mostly-Democratic senators in writing the letter, which cited a Consumer Financial Protection Bureau (CFPB) report that said some student loan services are wrongly denying military members the benefits they deserve.

ADVERTISEMENT
“We were alarmed to learn that some student loan servicers are providing incomplete or inaccurate information regarding service members’ options for reducing their debt — often leading individuals to make decisions that have costly long-term consequences,” the letter stated. “In one particularly egregious example, a service member was guided toward a deferment plan that ended up increasing his total debt by $25,000. This is simply unacceptable.”

In a statement released Tuesday, Boxer said 41 percent of military service members currently have student loan debt. The senators told Crigler to implement measures to ensure than service members know their options and can manage their debt.

“We urge you to establish and implement best practice standards to ensure that lenders and servicers provide service members with accurate, comprehensive information about benefits and protections, so these men and women can make informed decisions about their loan repayment options and successfully manage their debt,” the senators wrote.

Sens. Tim JohnsonTim JohnsonBank lobbyists counting down to Shelby’s exit Former GOP senator endorses Clinton after Orlando shooting Housing groups argue Freddie Mac's loss should spur finance reform MORE (D-S.D.), Tom HarkinTom HarkinGrassley challenger no stranger to defying odds Clinton ally stands between Sanders and chairmanship dream Do candidates care about our health or just how much it costs? MORE (D-Iowa), John KerryJohn KerryOvernight Defense: Congress overrides Obama 9/11 veto | Pentagon breathes easy after funding deal | More troops heading to Iraq McCain, Graham mock Kerry's threat to end talks with Russia The Hill's 12:30 Report MORE (D-Mass.), Patty MurrayPatty MurrayCongress approves .1B in Zika funds Lawmakers pledge push for cures bill in lame-duck Senate Dems: Add Flint aid to spending deal MORE (D-Wash.), Patrick LeahyPatrick LeahyOvernight Tech: TV box plan faces crucial vote | Trump transition team to meet tech groups | Growing scrutiny of Yahoo security Leahy wants Judiciary hearing on Yahoo Overnight Cybersecurity: FBI probes possible hack of Dems' phones | Trump's '400-pound hacker' | Pressure builds on Yahoo | Poll trolls run wild MORE (D-Vt.), John RockefellerJay RockefellerLobbying world Overnight Tech: Senators place holds on FCC commissioner Overnight Tech: Senate panel to vote on Dem FCC commissioner MORE (D-W.Va.), Bernie SandersBernie SandersOvernight Finance: Congress poised to avoid shutdown | Yellen defends Fed from Trump | Why Obama needs PhRMA on trade Trump mocks Clinton for stumbling while sick with pneumonia Brent Budowsky: Sanders and Warren shine MORE (I-Vt.), Barbara MikulskiBarbara MikulskiSenate Dems: Add Flint aid to spending deal This week: Shutdown deadline looms over Congress Week ahead: Key court date for climate rule; Fight over Flint aid MORE (D-Md.), Dianne FeinsteinDianne FeinsteinSenators already eyeing changes to 9/11 bill after veto override WH tried to stop Intel Dems' statement on Russian hacking: report This week: Shutdown deadline looms over Congress MORE (D-Calif.), Jack ReedJack ReedDemocrats press Wells Fargo CEO for more answers on scandal Senators already eyeing changes to 9/11 bill after veto override Overnight Finance: McConnell offers 'clean' funding bill | Dems pan proposal | Flint aid, internet measure not included | More heat for Wells Fargo | New concerns on investor visas MORE (D-R.I.), Frank Lautenberg (D-N.J.), Kirsten GillibrandKirsten GillibrandOvernight Tech: TV box plan faces crucial vote | Trump transition team to meet tech groups | Growing scrutiny of Yahoo security Overnight Finance: McConnell offers 'clean' funding bill | Dems pan proposal | Flint aid, internet measure not included | More heat for Wells Fargo | New concerns on investor visas Senate Dems call for investigation into Wells Fargo's wage practices MORE (D-N.Y.), Ben CardinBen CardinSenators already eyeing changes to 9/11 bill after veto override State official hints more Chinese firms being probed for N. Korean ties Reid is sole senator to back Obama's 9/11 veto MORE (D-Md.), Claire McCaskillClaire McCaskillThe Trail 2016: Miss Universe crashes campaign McCaskill goes after Trump's weight Top general: 9/11 bill could subject US troops to foreign courts MORE (D-Mo.), Ron WydenRon WydenOvernight Tech: TV box plan faces crucial vote | Trump transition team to meet tech groups | Growing scrutiny of Yahoo security Overnight Regulation: Supporters push for TV box reforms ahead of vote Dems urge FCC to approve new box rules MORE (D-Ore.), Al FrankenAl FrankenOvernight Tech: TV box plan faces crucial vote | Trump transition team to meet tech groups | Growing scrutiny of Yahoo security Overnight Regulation: Supporters push for TV box reforms ahead of vote Leahy wants Judiciary hearing on Yahoo MORE (D-Minn.), Mark BegichMark BegichRyan's victory trumps justice reform opponents There is great responsibility being in the minority Senate GOP deeply concerned over Trump effect MORE (D-Alaska), Amy KlobucharAmy KlobucharOvernight Defense: US attempted hostage rescue in Afghanistan | Defense hawks brace for spending fight | Trump slams 'lies' about Iraq war stance Senators want military separation policy to address trauma-related behavior Senate Dems reignite fight for hearing on SCOTUS nominee MORE (D-Minn.), Mark UdallMark UdallColorado GOP Senate race to unseat Dem incumbent is wide open Energy issues roil race for Senate Unable to ban Internet gambling, lawmakers try for moratorium MORE (D-Colo.), Jon TesterJon TesterDemocrats press Wells Fargo CEO for more answers on scandal Overnight Finance: Senate rejects funding bill as shutdown looms | Labor Dept. to probe Wells Fargo | Fed to ease stress test rules for small banks Overnight Energy: Judges scrutinize Obama climate rule MORE (D-Mont.), Sherrod BrownSherrod BrownDemocrats press Wells Fargo CEO for more answers on scandal Brent Budowsky: Sanders and Warren shine Lawmakers play catch-up as smartphone banking surges MORE (D-Ohio), Sheldon WhitehouseSheldon WhitehouseOvernight Energy: SEC begins probing Exxon Senate Dems unveil new public option push for ObamaCare Emails: Powell talked Clinton health concerns with Dem mega-donor MORE (D-R.I.) and Richard BlumenthalRichard BlumenthalLeahy wants Judiciary hearing on Yahoo Obama defeat is Schumer victory Overnight Cybersecurity: FBI probes possible hack of Dems' phones | Trump's '400-pound hacker' | Pressure builds on Yahoo | Poll trolls run wild MORE (D-Conn.) co-signed the letter.