A bill to provide for the establishment of a Private Education Loan Ombudsman.
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Nov 5, 2009
Directs the Secretary of the Treasury (Secretary) to appoint a Private Education Loan Ombudsman to provide timely assistance to borrowers of private education loans.
Requires the Secretary and the Secretary of Education to disseminate information about the availability and functions of the Ombudsman to borrowers, potential borrowers, and other participants in private education and federal student loan programs.
Directs the Ombudsman to: (1) receive, review, and attempt to resolve informally complaints from borrowers of private education loans, in accordance with the Secretary's regulations; (2) establish a memorandum of understanding with the student loan ombudsman established under the Higher Education Act of 1965 to coordinate the provision of assistance to borrowers seeking to resolve complaints related to their private education or federal student loans; and (3) compile and analyze data on borrower complaints regarding private education loans.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Apr 21, 2025. Consult Congress.gov for the current record.
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