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California Association of Private Postsecondary Schools

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Congressman Examines Private Student Lending


Inside Higher Ed - November 30, 2012

Representative George Miller, a California Democrat and the senior member of his party on the House Education and the Workforce Committee, has requested information from private student lenders about how they interact with borrowers, and has also asked the Government Accountability Office to examine problems with federal loan servicers. Republicans on the committee have also expressed concern about servicing problems in the past. The Consumer Financial Protection Bureau issued a report critical of some private lending practices in July.