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Report: Private student borrowers can’t get help

By Marcy Gordon
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WASHINGTON (AP) — Millions of Americans still struggle with high-cost private student loans, with many tumbling into default because the companies servicing the loans aren’t offering reasonable options for improved terms, a new report says.

Distressed borrowers are receiving scant information or help when they run into trouble with their private student loans, and affordable repayment options aren’t available, the report released Thursday by the Consumer Financial Protection Bureau says.

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