Bloomberg News

Durbin Says Private Student Loans `Haunt' for Lifetime

June 05, 2012

U.S. Senator Richard Durbin, a Democrat from Illinois, talks about private student loans.

A bill introduced by Durbin and fellow Democrat, Iowa Senator Tom Harkin, in March would require colleges to counsel students about taking out the maximum in federal loans before venturing into the private market. (Source: Bloomberg)

Running Time: 01:15

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