Twenty-eight-year-old Michaela Bonner has been working 12-hour shifts as an emergency medical technician in Norfolk, Virginia, for the past four years, while attending and paying for college to finish her prerequisites for medical school.
Over the past few months, Celina Damian’s phone has been ringing off the hook with one bewildered, anxious question after another: “What kind of loan is this?” “Am I in default?” “Will the government really take my wages?”
As private student loan companies take heat over accusations of predatory behavior and deception, members of a U.S. Senate Committee on Banking, Housing and Urban Affairs panel and student advocates voiced concerns over the industry at a hearing Tuesday.
