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
- Herricks School District, New Hyde Park, NY
- Summer Math Curriculum Development Associate (3): Grades K-2; Grades 3-5; Grades 6-8
- The Partnership for Inner-City Education, New York, NY
- Young Scholars Program Director
- The Ohio State University, Columbus, OH
- District Superintendent
- Department of Defense Education Activity, Seoul, Korea, Democratic People's Republic Of
- Engineering & Robotics Teacher
- String Theory Schools, Philadelphia, PA