Durbin Bill Would Require All Colleges to Provide Financial Aid Counseling
Elgin Community College's financial aid counseling is credited for a 13 percent reduction in the amount of money its students have borrowed. If Sen. Dick Durbin has his way, the counseling will be mandatory in all colleges and universities.
Elgin Community College’s efforts to limit the debt load of its students won praise Friday from U.S. Sen. Dick Durbin, who said the college district already has a six-year head start on a bill he introduced aimed at curbing the devastating impact student loans can have. Durbin has decried the nation’s mounting debt for student loans, which has grown to $1 trillion and has seen the greatest acceleration among those attending for-profit schools. Durbin said young, inexperienced adults are being exploited, pressed into making student loan decisions that will affect them for much of their lives. Consequently, they graduate with student loan debt that can be far beyond their means to pay off in a timely manner, Durbin said. Part of the problem …
NancyC
1:49 pm on Sunday, January 13, 2013
Please Senator Durbin, believe us when we say when it comes to government, LESS is MORE. More beneficial to the people the less the likes of you we have. more ›