H.R. 890 The Student Loan Sunshine Act
Amends the Higher Education Act of 1965 to require each lender entering into an educational loan arrangement with a postsecondary school to: (1) report annually to the Secretary of Education specified information concerning such arrangement\; (2) inform borrowers of their loan options under title IV (Student Assistance) before extending private educational loans for attendance at such school\; and (3) be barred by such school from marketing such loans in a manner implying the school's endorsement.
Wednesday, May 9, 2007