student loan regulation

Student loan regulation involves rules governing how loans are issued, managed, and repaid. It ensures transparency, protects borrowers from unfair practices, and sets standards for lenders. Regulations may include limits on interest rates, requirements for clear disclosures, and options for income-driven repayment plans. They also establish borrower rights, such as deferment or forbearance during financial hardship. Agencies like the Department of Education oversee federal student loans, while state and federal laws regulate private loans. The goal is to balance providing access to education financing with safeguards that prevent debt abuse and promote responsible borrowing and repayment.