News Clips

State Rep. Faith Winter, a Westminster Democrat, hopes to change the status quo in the 2018 legislative session starting Jan. 10. She’s been working with the attorney general’s office on a bill to license student loan debt collectors and oversee their business activities.

New York’s poorest neighborhoods are home to the city’s student borrowers under the most stress, according to a central bank report released on Friday showing “troublingly high” loan default and delinquency rates mainly in the Bronx and Brooklyn.

While the administration rolls back the weak protections that exist, more than a dozen states have proposed reforming the largely unregulated student loan industry.

Maine borrowers need the protections that LD 1507 would afford. Lawmakers need to put the needs of students and graduates ahead of servicing companies rife with abuse and deception.

The Maine Legislature should adopt protections to safeguard our seniors and young graduates trying to pay off student loans since the federal government and the service companies they employ won’t.

Kenneth Zebrowski, a Democratic Assemblyman, introduced legislation to regulate student loan servicers.

Attorney General Hector Balderas sent a letter calling out the U.S. Department of Education for abdicating its responsibility to thousands of New Mexico student loan borrowers and their families by revoking critical reforms designed to help students avoid default and curtail loan servicer misconduct.

A new report shows college student loan debt doubled in New York over the last decade.

According to U.S. News and World Report, the average graduate this year has more than $37,000 in debt. Nearly 60 percent of millennial graduates have no idea when their student loans will be paid off, the report suggests.