Student Loan Sunshine Act Introduced

by Justin on February 10, 2007

Abstract

On Feb. 1, Senators Edward Kennedy (D-MA) and Richard Durbin (D-IL) introduced the Student Loan Sunshine Act “to protect students and parents from exploitation by private lenders and lenders who offer gifts to colleges as a way to secure loan business.” According to Kennedy, the Sunshine Act was introduced in response to recent reports about questionable tactics used by lenders with colleges to increase their private loan volume.

Originally posted to NASFAA’s Today’s News on 02/02/2007

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