Monday, February 2, 2009

STUDENT LOANS: Give borrowers more protection | TheNewsTribu

STUDENT LOANS: Give borrowers more protection | TheNewsTribu
Student loans are the only form of consumer debt lacking standard consumer protections. In 1997, student loan companies such as Sallie Mae successfully lobbied Congress to amend the Higher Education Act and remove consumer protections, making defaulted student loans among the most lucrative and easy debts to collect.

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