Sen. Alexander Issues Floor Statement on Borrower Defense Rule
March 11, 2020
March 11, 2020
WASHINGTON, March 11 -- Sen. Lamar Alexander, R-Tennessee, issued the following floor statement:
If your car is a lemon, you don't sue the bank - you sue the dealer.
A college can be a lemon just like a car can be.
A college could promise a potential student a job or tell them that 50 percent of their students scored perfectly on the SATs.
A potential student might use that information to take out student loans and enroll in that college - and . . .
If your car is a lemon, you don't sue the bank - you sue the dealer.
A college can be a lemon just like a car can be.
A college could promise a potential student a job or tell them that 50 percent of their students scored perfectly on the SATs.
A potential student might use that information to take out student loans and enroll in that college - and . . .