The bill is aimed at deterring the kinds of student loan scandals we have seen in recent years, most of which involved alumni or college administrators getting kickbacks from lenders. Reuters and other sources say the bill is expected to win easy approval.
The new student loan reform bill would impose a code of conduct upon educational institutions in regards to their dealings with their student body and lenders.
The house and the Congress have different versions of the bill so even though quick approval is expected in the House it may take some time to get both versions of the reform bill condensed and presentable.
At any rate student loan and student loan consolidation reform is desperately needed and I can't find anything wrong with this bill as of yet...looks like a move in the right direction.
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