Private education loans should be subject to stricter protections for consumers needing them to finance their ever more expensive higher educations.
Lenders should cap interest rates at federal interest levels.
Accrued interest should be capped at equal to or less than the original amount of the loan.
Lendees should be able to have the loan pay back duration changed once during the of the pay back period.
Lendees with no or limited credit history should have to talk to a financial advisor about all the terms of the loan and expectations of them.
Lendees with no or limited credit history should not be able to take out a loan of more then $15,000 over the phone or internet.
All forms should list the name of the company originating or owning the loan.