Nebraska to Require Student Loan Notification

Earlier this month Nebraska Governor Pete Ricketts signed legislation to require the state's public institutions to provide students with detailed annual reports on their projected student loan debt, the Lincoln Journal Star reported.

Under the legislation, which is modeled on an Indiana law, colleges must tell students the total amount of federal loans received, estimates of monthly payments, the number of years they can expect to be in debt and how close they are to aggregate borrowing limits.