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What’s your position on
The Know Before You Owe Private Student Loan Act

S. 113: Know Before You Owe Private Student Loan Act of 2013

Summary: A bill to amend the Truth in Lending Act and the Higher Education Act of 1965 to require certain creditors to obtain certifications from institutions of higher education, and for other purposes. (More Info)

What do you think?

The next vote on this bill will occur in the Senate. How should your senators vote?

What POPVOX Users Say

POPVOX Nation:
43% Support
56% Oppose
(108 users)

View Report & Comments

47 users
61 users
order determined by social media popularity

Endorsing Organizations

Consumer Action 1,254 Facebook fans 693 Twitter followers

Consumer Action supports S 113 because it would require schools to counsel students before they sign on to expensive, even unnecessary, private student loan debt and inform them if they have any untapped federal loan eligibility. It would also require the prospective borrower’s school to confirm the student’s enrollment status, cost of attendance and estimated federal financial aid assistance before the private student loan is approved.

Read full position statement.