Search Form
First, enter a politician or zip code
Now, choose a category

Public Statements

Hare: Relationships Between Student Loan Lenders and Universities Must be Transparent

Press Release

By:
Date:
Location: Washington, DC


Hare: Relationships Between Student Loan Lenders and Universities Must be Transparent

Congressman Phil Hare (D-IL), a member of the House Committee on Education and Labor, today released the following statement in response to recent news reports about Western Illinois University's relationship with student loan lender Nelnet.

"With the overall cost of a college education continuing to skyrocket, students and their families deserve to know exactly where their money is going.

"Western Illinois University should have disclosed the fact that they were receiving a portion of their students' loan money—even if it was going to a good cause.

"I am pleased that Western is reassessing their program and am confident they will move to a process that is more transparent.

"Across the nation, questionable relationships between universities and student loan lenders are threatening a population of already vulnerable students. For this reason, I am a co-sponsor of the Student Loan Sunshine Act, which requires full disclosure of special arrangements between lenders and institutions of higher education and bans lenders from offering higher education employees gifts of more than $10 in value.

"I am pleased that the House Education and Labor Committee, led by Chairman George Miller, is investigating this issue thoroughly and plans to hold hearings in the coming days."


Source:
Skip to top

Help us stay free for all your Fellow Americans

Just $5 from everyone reading this would do it.

Thank You!

You are about to be redirected to a secure checkout page.

Please note:

The total order amount will read $0.01. This is a card processor fee. Please know that a recurring donation of the amount and frequency that you selected will be processed and initiated tomorrow. You may see a one-time charge of $0.01 on your statement.

Continue to secure page »

Back to top