28-year-old Cleveland man fights for student loan reform

CLEVELAND - 28-year-old Aaron Calafato is on a mission to lower his monthly payments for a $20,000 student loan he has with Key Bank.

"Private lenders play by a different set of rules and that you don't really have a lot of rights when it comes to negotiating with them about adjusting a payment," Calafato said.

Calafato claimed after a year of calls, the bank finally got back to him and only offered him a small extension for his payments. Upset by that response, he continued his fight for student loan reform.

He shared his story on the social networking sites Facebook and Twitter. He also started an online petition with change.org , and has his own YouTube channel. Plus, he wrote a play in which one of the main themes is student loan struggles.

"We're the first generation in modern American history of college educated students to be doing worse off than our parents," Calafato said.

NewsChannel5 contacted Key Bank for comment. A spokesperson told us, "We regret that, by law, we cannot comment on client matters in order to protect client privacy and personal information."