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Promissory Education- Reforming the Federal Student Loan Counseli

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Promissory Education- Reforming the Federal Student Loan Counseli

UCONNLIBRARYUniversity of ConnecticutOpenCommons@UConnConnecticut Lav,' ReviewSchool of Law2013Promissory Education: Reforming the Federal student Loa

Promissory Education- Reforming the Federal Student Loan Counselian Counseling Process to Promote Informed Access and to Reduce Student Debt BurdensAmanda Harmon CooleyFollow this and additional works at: https://op

encommons.uconn.edu/law_reviewRecommended CitationCooley. Amanda Harmon. ‘Promissory Education: Reforming the Federal Student Loan Counseling Process Promissory Education- Reforming the Federal Student Loan Counseli

to Promote Informed Access and to Reduce Student Debt Burdens’ (2013). Connecticut Law Review. 217.https://opencommons.uconn.edu/lavcreview/217CONNECT

Promissory Education- Reforming the Federal Student Loan Counseli

ICUTLAW REVIEWVolume 4641579Number 1ArticlePromissory Education: Reforming the Federal Student Loan Counseling Process to Promote Informed Access and

UCONNLIBRARYUniversity of ConnecticutOpenCommons@UConnConnecticut Lav,' ReviewSchool of Law2013Promissory Education: Reforming the Federal student Loa

Promissory Education- Reforming the Federal Student Loan Counselin obtaining financial assistance, many postsecondary students do not contemplate the long-term implications of the legal obligations that they accept

as conditions for receipt of student loan funds. This mass failure to realize the requirements attached to signing promissory notes and entering into Promissory Education- Reforming the Federal Student Loan Counseli

binding loan contracts has recently led to several rounds of reform by the federal government. Unfortunately, these reforms have done little to stem t

Promissory Education- Reforming the Federal Student Loan Counseli

he tide of rising student loan debt, most of which is not dischargeable III bankruptcy. Tins Article examines how the student debt crisis showcases th

UCONNLIBRARYUniversity of ConnecticutOpenCommons@UConnConnecticut Lav,' ReviewSchool of Law2013Promissory Education: Reforming the Federal student Loa

Promissory Education- Reforming the Federal Student Loan Counseliars and the potential harms that accompany those costs. These harms extend bey ond the direct financial impact on students to the CIVIC community and

economic growth of the country. To help ameliorate these harms, the statutory provisions of the Higher Education Act and their implementing regulation Promissory Education- Reforming the Federal Student Loan Counseli

s need amendments regarding the counseling that is attached to the disbursement of student loans for all institutions whose students receive Tide IỈ'

Promissory Education- Reforming the Federal Student Loan Counseli

aid. If adopted, these statutory and regulatory amendments would promote informed access without diminishing die qualify of higher education or turnin

UCONNLIBRARYUniversity of ConnecticutOpenCommons@UConnConnecticut Lav,' ReviewSchool of Law2013Promissory Education: Reforming the Federal student Loa

Promissory Education- Reforming the Federal Student Loan Counseli TORY OF EXPANDINGACCESS TO HIGHER EDUCATION.................126III.PRESENI CHALLENGES IO ACCESS:RISING COSTS AND STUDENT LOAN DEBT LEVELS..133IV.REFO

RMING THE FEDERAL STUDENT LOAN COUNSELING PROCESS TO PROMOTE INFORMEDACCESS AND TO REDUCE STUDENT DEBT BURDENS...144V.CONCLUSION...................... Promissory Education- Reforming the Federal Student Loan Counseli

........155Promissory Education: Reforming the Federal Student Loan Counseling Process to Promote Informed Access and to Reduce Student Debt BurdensAM

Promissory Education- Reforming the Federal Student Loan Counseli

ANDA Harmon COOLEY*“When kids do graduate, the most daunting challenge can be the cost of college. . . . Higher education can't be a luxury-—if is an

UCONNLIBRARYUniversity of ConnecticutOpenCommons@UConnConnecticut Lav,' ReviewSchool of Law2013Promissory Education: Reforming the Federal student Loa

UCONNLIBRARYUniversity of ConnecticutOpenCommons@UConnConnecticut Lav,' ReviewSchool of Law2013Promissory Education: Reforming the Federal student Loa

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