Students and Young Consumers Empowerment Act

This bill establishes a new "Assistant Director and Student Loan Borrower Advocate" position at the Consumer Financial Protection Bureau (CFPB) to better serve student loan borrowers. The position would coordinate with the Department of Education to accept and attempt to resolve complaints about both federal and private student loans, and would issue annual reports on the student loan marketplace. It requires the CFPB and Department of Education to share complaint data and develop a process for handling complaints related to both federal and private loans. The bill directly affects student borrowers, the CFPB, and the Department of Education, with the goal of improving consumer protections in the student loan marketplace.