• rss
  • facebook
  • twitter
  • linkedin

Advocacy Briefs: Kennedy Introduces Student Loan Oversight Bill

.

On February 1, Senator Edward Kennedy (D-Massachusetts) and Senator Richard Durbin (D-Illinois), introduced the “Student Loan Sunshine Act” (S. 486) intended to “protect students and parents from exploitation by private lenders and lenders who offer gifts to colleges as a way to secure loan business.” The Sunshine Act requires full disclosure and explanation of special arrangements that lenders and colleges have to offer loan products at the college; bans lenders from offering gifts valued over $10 to college employees; requires preferred lender lists to have at least three non-affiliated lenders; and encourages borrowers to participate in the government’s loan programs before taking out private loans.

Back to March 2007 Issue of IMpact

More Articles Like This

Students: Join ACP for Free

Benefits of Membership for Students: ACP's free Medical Student Membership includes benefits designed especially to meet students' needs.

Join Now: Sign-up today and begin enjoying the benefits of ACP Medical Student Membership.

Find a Residency

Search ACP's Internal Medicine Residency Database for information on all internal medicine residency programs in the U.S. and Canada. (ACP Members only)

More search options

Share this article

Bookmark and Share

New Leadership Webinars

New Leadership Webinars

The ACP Leadership Academy is offering FREE webinars covering the core tenets of leadership, leadership in hospital medicine, finance, and more.

Join ACP Today!

Join ACP Today!

ACP membership connects you with like-minded colleagues and provides access to a variety of clinical resources, practice tools, and ways to earn MOC and CME.