The U.S. House Wednesday overwhelmingly passed a bill cracking down on conflicts of interest in the $85 billion student loan market amid a widening scandal.
Adopted by a 414-3 vote, the bill would require colleges and lenders to abide by new codes of conduct; ban gifts from lenders to college aid officers; require disclosure of college-lender relationships; and protect students from aggressive marketing practices. Read full article
Leave a Reply
Be the First to Comment!