New state law aims to inform Indiana students of loan debt

(WISH Photo, file)

WEST LAFAYETTE, Ind. (AP) — A new law in Indiana mandates public universities to inform students in an email or letter every year about how much they owe in students loans.

Gov. Mike Pence signed the bill in July. It was inspired by Indiana University, which started the practice in 2013, telling students how much they had borrowed, the interest rate and estimated cost each month after graduation.

The (Lafayette) Journal & Courier reports that the goal is to make sure students understand the future ramifications of what they will owe, so they don’t take out more loans than they need.

State Rep. Randy Truitt, a Republican from West Lafayette, co-authored the bill. He says legislators should do whatever they can to put a dent in the $1.3 trillion in student debt owed nationwide. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

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