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Bill would greatly expand student loan options

MORE LOANS? This summer, the legislature will consider a dramatic expansion of the types of financial aid available to community college students.

North Carolina is one of four states that don't make federal loans, which offer lower rates and more repayment options, available to a large share of its community college students.

Too many defaults on the loans at a campus could jeopardize the college's other financial aid options. Supporters of the expansion say that risk is overstated. (N&O)

NO FEES: North Carolina consumers can continue to miss their payment deadline on small, high-interest loans without incurring late fees.

Lawmakers looking at banking reforms voted Tuesday to study the consumer-finance industry and did not take up the question of recommending legislation that would allow those lenders to add late fees, as industry representatives asked. (N&O)

LESS PRIVACY? Facebook's plan to spread its online social network to other websites could be detoured by regulators looking into privacy concerns that have raised the ire of federal lawmakers. (AP)

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