The New Jersey legislature has passed a “student borrower bill of rights” that regulates companies that service student loans, part of a national trend as America deals with its $1.6 trillion student-debt crisis.
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A federal appellate court has revived an Illinois woman’s case that claimed her student-loan servicer actively gave her bad advice on the best way to pay off her debt.
A bill that would create a “student loan bill of rights” to protect borrowers in Rhode Island is now heading to the governor’s desk.
Maine lawmakers have passed a “Student Loan Bill of Rights” aiming to protect borrowers. The Senate unanimously enacted the legislation Monday. Democratic Gov. Janet Mills has 10 days to act on the bill or let it go into law without her signature.
Retracing a step to help state residents get out from under a mountain of debt, now estimated at $43 billion.
It’s disturbing enough to know that 3.8 million student loan borrowers in California owe about $134.3 billion. The true cost of this debt load cannot be fully measured in those numbers.
The Assembly Higher Education Committee discussed a bill that would give the state tools to go after student loan companies.
On Tuesday, the California assembly passed the “Student Borrower Bill of Rights,” or AB376, aimed at creating the first detailed set of rules protecting those holding student debt in the U.S.
Higher education can open the door to incredible opportunities and is a worthy investment in the future. But as we encourage Rhode Islanders to pursue higher education, we must also ensure that they are protected from deceptive and predatory loan servicing by enacting the Student Loan Bill of Rights.
Surging student loan debt that is “casting a shadow” over current and former borrowers brought the California Assembly Select Committee on Student Debt to UC Irvine for a discussion of the debt issue and efforts being made to support borrowers.