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Deceptive Lending Practices -- Students Beware; The Illinois State Bar Tells You Why

Question:  Our son may attend a for-profit college. How can we be sure that he avoids becoming a victim of deceptive lending practices?Answer:  One of the top consumer complaints in Illinois during 2012 was against schools, including for-profit colleges. The Illinois Attorney General’s office recorded more than 1,300 complaints about schools operating inIllinois, with nearly 95 percent of those complaints directed at unfair and misleading practices by for-profit colleges. Prospective students should thoroughly research any school they may attend, and seek out data on graduation rates, costs and job placement records from a third-party source rather than the school.  For more information about Illinois law, visit www.illinoislawyerfinder.com.  If you have a legal question, send it to illinoislawcolumn@isba.org.Illinois Law Now is a series of newspaper and internet posts prepared by the Illinois State Bar Association that address legal issues of interest to the public. For additional information about the law, visit http://www.illinoislawyerfinder.com/legal-faqs

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