A new report by the Center for Responsive Politics states that 46 Senators and House representatives have student loan debt. According to 2011 financial disclosure forms, each member listed student loan debt as a liability. The debts, for themselves or their children, add up to a total ranging between $1.8 million and $4.3 million. Exact amounts are unknown because Congressional members are allowed to report debts in ranges.

The University of Texas just launched four new financial aid programs that will help with the ever-increasing college loan debt that today’s students are burdened with. With nearly half of all undergraduates borrowing college loans prior to graduation, the University of Texas is no different. Marjorie Smith, executive vice president and provost, told loans.org that the average college loan debt for students graduating from the University of Texas is $26,097. To combat this, the University of Texas at Austin has introduced new aid programs that are open to students who complete certain requirements.

Get ready for a curveball in the student debt crisis. Upstart, a new company founded by Dave Girouard, the former President of Google Enterprise, is ready to offer indebted students a chance to shuck off their burdensome debt. However, they aren’t offering refinancing for college loans. Rather, Upstart is offering to give money to indebted students and grads in exchange for those recipients buckling down and pursuing their dreams.

Yesterday, the Consumer Financial Protection Bureau (CFPB) released new procedures the agency will implement for student loan lenders to ensure banking regulations are followed. The new procedures will impact lenders of both private student loans and the servicers for federally guaranteed loans who violate consumer protection laws. It will be used to examine both large banks and non-banks that authorize student loans.