The government's new spending bill has protections for student-loan borrowers dealing with bad behavior by companies that manage their debt

Dec 20 2022 by Business Insider

 
College graduation.

Rattanakun Thonbun/EyeEm

The new government spending bill did not increase funding for the Federal Student Aid office. But it did include language on holding student-loan companies accountable for misleading borrowers. Biden's administration has previously expressed the need to strengthen enforcement over those companies.

The new government spending bill wants to ensure student-loan companies don't get away with bad behavior.

On Monday, the House appropriations committee...

Continue Reading The government's new spending bill has protections for student-loan borrowers dealing with bad behavior by companies that manage their debt