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StudentLoanJustice.org is a grassroots U.S. organization founded in 2005 by Alan Collinge with the goal of reforming predatory lending practices in the American student loan industry. StudentLoanJustice.org has several thousand members.
The website contains information about the student loan industry, including the Higher Education Act of 1997, which it says allowed private lending agencies to impose what it describes as "draconian" punitive measures upon borrowers. It also publishes stories from graduates who have had difficulty with student loan companies.
In 2007, StudentLoanJustice also formed a Political Action Committee of the same name, and was credited by staff for then-Senator Hillary Clinton as being the motivating force behind the Student Borrower Bill of Rights Act of 2006.
StudentLoanJustice.org or its members have been covered by a number of newspapers, radio, and television shows, including The New York Times, The Los Angeles Times, National Public Radio, The Washington Post, The National Review, The Wall Street Journal, Public Broadcasting System, Fortune Magazine, Businessweek, Fox Television, CNN, CBS News, Democracy Now!, The Chicago Sun-Times, and others.
In 2008, Collinge was selected as one of seven Heroes by CNN/Money Magazine for that year. In 2009, Collinge published The Student Loan Scam: The most oppressive debt in U.S. History- and how we can Fight Back (Beacon Press).
- Specifically, the organization calls for the return of standard consumer protections to student loans, including bankruptcy protections and statutes of limitations. The organization also calls for the removal of exemptions given uniquely to the student loan industry from Fair Debt Collection Practices Act, the Truth in Lending Act, and state usury laws That Student Loan, So Hard to Shake - NYTimes.com
- Local News | With no way out of trouble, more students likely to default | Seattle Times Newspaper
- http://www.pbs.org/newshour/extra/features/july-dec07/loan_8-15.html[dead link]
- Thank You
- Heroes and Zeros - Hero: Alan Collinge (5) - CNNMoney.com
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