Nearing the Finish Line on Fair Loan Payments - Email Update

Today, negotiators from both houses of Congress announced a final version of the College Cost Reduction and Access Act (H.R. 2669), which includes a new Income Based Repayment plan modeled on our Plan for Fair Loan Payments. Final votes on the legislation are expected in both chambers in the next several days, after which the bill will be sent to the president for his signature.

Senate legislation email update

Now is Our Chance - House and Senate Move to Reform Student Loans

With Senate action yesterday, education committees in both the House and Senate have now approved legislation that will help reduce the hazards of student debt and give families earlier and more complete information about aid and loans.

Our Policy Agenda - Email update 6/5/07

Policy Agenda to Address Rising Student Debt

While student loans have been on the front page, bipartisan Members of Congress and their staff have been working behind the scenes on proposals to revamp the federal role in higher education finance. Soon – possibly as soon as the next several days – detailed results of these negotiations could emerge, and may begin to move quickly through the process on the way to the President’s desk.

On the issue of rising student debt, here are our four top priorities for Congress:

Loan Scandal: House Acts, We Compare

Student Loan Scandal: House Votes for Sunshine; New Comparison of Proposed Reforms

As the student loan conflict-of-interest scandal keeps making headlines, policymakers have been considering ways to restrict or ban questionable college and lender practices. Yesterday, the U.S. House of Representatives passed the Student Loan Sunshine Act by a vote of 414 to 3. This legislation is a sorely needed step toward eliminating disturbing conflicts of interest that pervade the student loan system.

Shopping for loans, HEA

Advice for Choosing a Student Loan

In light of ongoing revelations about conflicts of interest among some colleges, lenders, and the Department of Education, students and families need more truly independent information about student loans. We have developed three fact sheets with practical advice on how to choose a student loan, with key questions and tips to help borrowers evaluate loan offers and understand their options.

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