Publication | May 11, 2007

Student Loan Reforms: Preventing Conflicts of Interest

As the student loan conflict-of-interest scandal keeps making headlines, policymakers have developed proposals to restrict or ban questionable college and lender practices. This comparison includes the Student Loan Sunshine Act passed in the U.S. House of Representatives on May 9, 2007, and other major legislative, regulatory and voluntary proposals. Issues covered include lender-college relationships, preferred lender lists, and disclosures to borrowers.