Senator Sherrod Brown (D-OH) has introduced a bill to create a private education loan Ombuds office to assist students in conflicts with their private lenders. The proposed Ombuds office would provide private loan borrowers with the same services offered by the Federal Student Aid Ombudsman. Unlike FSOA, which is part of the the Department of Education, the proposed private education loan Ombuds would report to the Secretary of Treasury. The bill, S. 2733, has been referred to the Senate Committee on Health, Education, Labor, and Pensions. (GovTrack, S. 2733 status; via NAFSAA News.)
Related post: Staffing Arrangement at Federal Student Aid Ombuds Office Raises Conflict of Interest Concerns.
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