News in Brief: A Washington Roundup
Bill in House Would Target Student Lenders’ Incentives
Rep. George Miller, D-Calif., the chairman of the House Education and Labor Committee, introduced a bill last week aimed at barring private lenders from offering gifts or similar incentives to colleges that agree to promote their loans.
The proposed Student Loan Sunshine Act, introduced in the House on Feb. 8, would prohibit lenders from giving gifts to college employees and would require them to disclose the terms of their arrangements with colleges.
Many colleges maintain “preferred-lender lists” to help direct their students toward sources of loans. To get on some colleges’ lists, lenders have offered colleges services or products, including software or help in operating their financial-aid offices. They have also dangled other incentives, such as trips to exotic locations for college administrators.
Vol. 26, Issue 23, Page 24
- Superintendent, Lexington Public Schools
- Lexington Public Schools, Lexington, MA
- Educational Administrator
- YWCA El Paso del Norte, El Paso, TX
- Superintendent of Schools
- Ashburnham-Westminster Regional Schools, Ashburnham, MA
- International Schools First Ever iFair
- International Schools Services, Multiple Locations
- Marketing Communications Manager, North America (CIE)
- Cambridge International Examinations, New York City, NY