Sarah Bloom Raskin

摘要

Last year almost 7 million Americans defaulted on federal student loans. That's a problem not just for borrowers but for the government, which backs more than 90 percent of new loans. In June, after Congress blocked a proposal to help students refinance, President Obama ordered the Education and Treasury departments to find ways to make repayment more affordable. Leading Treasury's effort is Sarah Bloom Raskin, the agency's No. 2 official. ► As Maryland's top financial regulator, Raskin rewrote foreclosure rules to help homeowners. Now she has the power to change the way delinquent higher-education loans are collected without waiting for legislative action. "From the time students sign the promissory note to the moment they make their final student loan payment, we must have the necessary programs in place to ensure they are able to successfully manage their loans," Raskin wrote in an e-mail.