Tri-City Voice Newspaper - What's Happening - Fremont, Hayward, Milpitas, Newark, Sunol and Union City, California

 

September 4, 2012 > Assembly passes bill on student private loans

Assembly passes bill on student private loans

Submitted By Andrew LaMar

Legislation by Senate Majority Leader Ellen M. Corbett (D-San Leandro) requiring colleges and universities to provide basic information about private loans to students so they can make better decisions about financing their educations passed the Assembly on August 21, 2012.

Senate Bill 1289 requires colleges and universities to provide basic information about private loans on financial aid materials and clearly distinguish between private and federal loans in financial aid packages offered to students. For instance, federal loans offer income-based and income-contingent repayment options and other flexibility, based on need, that private loans generally do not.

For more information, visit www.sen.ca.gov/corbett.

Home        Protective Services Classifieds   Community Resources   Archived Issues  
About Us   Advertising   Comments   Subscribe   TCV Store   Contact

Tri Cities Voice What's Happening - click to return to home page

Copyright © 2014 Tri-City Voice