Lawmakers: Student Loan Bill of Rights at risk

Posted: Updated:
NEW HAVEN -

Lawmakers warned Wednesday that Connecticut's Student Loan Bill of Rights is in jeopardy. 

The bill requires that student loans face the same regulations as a car loan or a home loan.

U.S. Education Secretary Betsy DeVos told federal lenders this year to disregard Connecticut's rules. 

Connecticut and the federal government are now in court over the Student Loan Bill of Rights.

"I've been talking to tons of seniors who are now having their Social Security threatened or, in some cases, even garnished, because they co-signed their kids' or their grandkids' student loans," says state Rep. Matt Lesser. 

Rep. Rosa DeLauro is pushing a national student loan transparency bill.

It would require lenders to give students all their re-payment options in simple language.

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