An acceptance letter to UNC-Chapel Hill brings an offer to attend a top public university — but for some students, it also brings an enormous bill.
Of the undergraduate students who need aid, 24 percent receive student loans.
Those students currently do not have the same consumer protections as other loan borrowers, but a U.S. House of Representatives bill introduced last month aims to ramp up protections for student borrowers by allowing them to file for bankruptcy and trimming the statute of limitations.
The Student Loan Borrowers Bill of Rights, introduced by Rep. Frederica Wilson, D-Fla., would add consumer protections in hopes of unburdening borrowers of the pressures associated with student debt.
The average UNC senior who borrowed student loans will graduate with $16,150 in debt — but UNC students are among the best in the nation in repaying loans, said Shirley Ort, associate provost and director of scholarships and student aid.