Vaishali Rao Authors Law360 Article on How Rising Student Loan Defaults Could Signal a Litigation Spike

March 30, 2017

Vaishali S. Rao – a Chicago-based partner at Hinshaw & Culbertson LLP – recently authored an article in Law360 titled "Rising Student Loan Defaults Signal Litigation Ramp-Up."

In the article, Rao surveys current student loan market trends, with particular focus on the rise in student loan defaults, which, according to a recent Consumer Federation of America analysis, have increased by at least 14 percent since 2015. According to Rao, this spike in defaults will make student lending market participants susceptible to increased regulatory scrutiny, and is likely to result in a spike of follow-on private litigation.

Rao recommends that private student loan lenders evaluate their policies and practices, including:

Read Rao's full article "Rising Student Loan Defaults Signal Litigation Ramp-Up" (subscription required)

Hinshaw & Culbertson LLP is a U.S. law firm with 450 attorneys located in 11 states and London. Founded in 1934, the firm has a national reputation for its insurance industry work, its representation of professionals and law firms, and its closely coordinated business advisory, transactional and litigation services. We serve clients ranging from emerging and middle-market businesses to Fortune 500 companies, as well as governmental and public sector clients.