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Making Student Loan Companies Pay

January 7, 2008 RSS Feed Print

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Shady student loan companies continue to make amends for past transgressions, as University Financial Services settled with Ohio University over the use of the school's logo and mascot to deceptively market loans, the Post reports. Although the company did not admit to wrongdoing, it agreed to no longer use Ohio's intellectual property and to spend $60,000 on student newspaper ads to warn readers about deceptive loan marketing. At least 63 other schools are dealing with similar problems regarding University Financial Services.

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The truth in lending laws along with standard consumer protections should be a intricule part of student loans. Student loans should not enjoy "special" treatment as other loans and unsecured debts don't.

Ted Backster of IN 11:25AM January 15, 2008

I think that student loans should be declared unconstitutional as they are a tax on the poor and middle earners.
They were brought in by stealth privatisation, once again exploiting our basic needs for profit, just like health care.
Student loans should be replaced by a grant system. And, if you ask me where the money will come from? From the war that we stop!

James Aire of VA 6:44PM January 09, 2008

Making Student Loan Companies Pay

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