Lawmakers, regulators focus on private student loans | California Watch

Lawmakers, regulators focus on private student loans | California Watch: "Founded by the Center for Investigative Reporting
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Concerns hover over illegal school fee legislation

Corey G. Johnson

pixdeluxe/istockphoto.com

A new bill that seeks to crack down on illegal school fees is moving through the state Legislature, but it faces a lukewarm reception from lawmakers and some education groups.
With a 6-3 vote last week, AB 1575 [PDF] made it out of the Assembly Education Committee and is now being reviewed by the Appropriations Committee.
But influential groups, like the Association of California School Administrators and California Association of School Business Officials, criticized the measure, saying it would increase the burden on struggling schools. That argument picked up steam as Assemblyman Donald P. Wagner, R-Irvine, asked if the bill was too similar to

Lawmakers, regulators focus on private student loans

Erica Perez

Goodluz/Shutterstock

As the cost of higher education continues to increase and federal and private student debt nears the $1 trillion mark, lawmakers and regulators are zeroing in on private student loans.
A bill introduced by state Senate Majority Leader Ellen Corbett, D-San Leandro, and advanced this week through the Senate Education Committee would require universities to provide clear information to students about private