Paying a Higher Price for Education

Auld, Dan
January 2006
San Diego Business Journal;1/9/2006, Vol. 27 Issue 2, p42
The article reports on a legislative bill passed in the U.S. House of Representative that will outlaw the refinancing of student loans in the United States. The new rule restrict consumers from getting lower rates and better terms for their student loans. The legislative bill was brought into the House by Congressman John Boehner. The student loan bankers have always had more protection from competition. If the bill is passed in the U.S. Senate then student loans will be the only thing sold in the U.S., which cannot be freely refinanced.


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