Timing of student loan watchdog's resignation 'couldn't be worse,' advocates say

Seth Frotman's absence underscores the current vulnerability of the country's millions of student loan borrowers, said Barmak Nassirian, director of federal relations at the American Association of State Colleges and Universities. "Today, we have 42 million Americans walking around with student debt," Nassirian said. "Consequently, decent practices that protect predatory lending and servicing are all the more important."