Prohibiting Discrimination in Student Loans Based on College Attended
This bill aims to protect students from discrimination when applying for private educational loans. It means lenders cannot deny loans or offer worse terms simply because someone attended, attends, or plans to attend a specific higher education institution, including minority-serving institutions. Additionally, the bill mandates a study to investigate if such discrimination is occurring.
Key points
Discrimination Ban: Private educational lenders cannot discriminate against applicants based on the higher education institution they attend or plan to attend.
Minority-Serving Institutions Protection: The bill specifically protects students attending minority-serving institutions from discrimination.
Discrimination Study: A study will be conducted to determine if lenders discriminate against applicants from minority-serving institutions.
Status:
Expired
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