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. based law firm with offices in 11 states and London. The firm's national reputation spans the insurance industry, the professional services sector—including representation of law firms and lawyers—and other highly regulated industries, such as banking and finance and the debt collection sector. Hinshaw also provides a series of closely coordinated litigation, business advisory and transactional services to clients of all sizes as well as governmental and public sector entities.