CO SB200

Prohibits private educational lenders from offering gifts to educational institutions in exchange for loan business advantages or engaging in revenue sharing arrangements

Prohibits employees at covered educational institutions with financial aid responsibilities from receiving anything of value from private lenders if serving on lender advisory boards, though reasonable expense reimbursement is permitted

Makes it unlawful for private lenders to impose fees or penalties on borrowers for early repayment or prepayment of private education loans

Requires private lenders to disclose to borrowers at application and loan approval: interest rates (fixed or variable), finance charges, fees, payment options, total repayment cost estimates, federal loan alternatives and their rates, terms and conditions, and the right to cancel within 3 business days after loan consummation

Requires covered educational institutions to publicly disclose any contracts or agreements with card issuers for credit card marketing purposes; effective September 1, 2015, subject to referendum petition