S2729

21 Jun: Senate Approves Codey/Lesniak Bill To Protect Students From Burgeoning Loan Scandal

TRENTON – In an effort to safeguard New Jersey college students from the predatory pitfalls emerging from the growing national student loan scandal, the Senate today unanimously approved a bill sponsored by Senate President Richard J. Codey (D-Essex) and Senator Raymond J. Lesniak (D-Union). Bill S2729 would establish tough new restrictions on the relationship between higher education and student lending institutions.

“With one son just graduating college and another about to start, I know that the cost of an education is extraordinary,” said Sen. Codey. “We can’t allow lending institutions to prey on our students and drive up these costs even further. We need to make sure they are offered the best and most affordable loans without any hidden motives.”

07 Jun: Senate Committee Approves Codey/Lesniak Bill To Protect Students From Burgeoning Loan Scandal

TRENTON – In an effort to safeguard New Jersey college students from the predatory pitfalls emerging from the growing national student loan scandal, the Senate Education Committee today approved a bill sponsored by Senate President Richard J. Codey (D-Essex) and Senator Raymond J. Lesniak (D-Union). Bill S2729 would establish tough new restrictions on the relationship between higher education and student lending institutions.

“To prey on students who are trying to build a better life for themselves is really just plain despicable,” said Sen. Codey. “The cost of an education is already quite considerable. We can’t let our students, some who are barely even adults, be intentionally misled into choosing a loan provider that could cost them thousands of dollars in extra interest.”

18 May: Codey/Lesniak Bill Aims To Protect Nj Students From Burgeoning Loan Scandal

TRENTON – Senate President Richard J. Codey (D-Essex) and Senator Raymond J. Lesniak (D-Union) introduced a bill this week to safeguard New Jersey college students from the predatory pitfalls emerging from the growing national student loan scandal. Bill S2729 would establish tough new restrictions on the relationship between higher education and student lending institutions.

“To prey on students who are trying to build a better life for themselves is really just plain despicable,” said Sen. Codey. “The cost of an education is already quite considerable. We can’t let our students, some who are barely even adults, be intentionally misled into choosing a loan provider that could cost them thousands of dollars in extra interest.”