BOWLING GREEN, Kentucky (WA) – College students in Kentucky hope to be protected from fraudulent lending practices by lenders.
Kentucky State Representative Patty Minter announced on Tuesday that she is filing a bill called BR 96, which, according to a press release, would provide predatory lending.
“College students and their families deserve complete transparency so they can make informed decisions about their loans,” said Minter, representing House District 20 in Bowling Green. “With this bill, student borrowers can know that their state government is backing them. No one should be deceived into paying more than they should, just in order to afford a higher education. “
Minter was joined by another Attica State representative Scott from Louisville. Scott has been open about the student debt she is still trying to pay off.
This bill will mark the state’s first comprehensive student loan reform bill in the 2022 legislative session.
Kentucky has joined a list of more than a dozen other states that have taken action to protect student borrowers.
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