State Attorneys General Push For Student Loan Law

Law360, New York (June 20, 2007, 12:00 AM EDT) -- Thirty one state attorneys general urged the Senate on Tuesday to approve a bill requiring student loan providers to disclose their dealings with schools more fully.

"Nationwide, two-thirds of all college graduates leave school with student loans, and the college loan industry has become an $85 billion per year business," they wrote in a letter. "Investigations have found a wide range of improper and illegal activities that serve as an impediment to the American dream of an affordable college education for our children that we all...
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