How the student debt crisis and the need for state oversight is making local news
WPRI
June 28, 2019 | Lawmakers approve bill to protect student loan borrowers
“If and when borrowers have issues with their loans or loan servicers, this legislation provides them with a place to go to address those issues,” Neronha said. “While our primary focus will be on helping Rhode Islanders get the information they need to solve their student loan problems, my office will be ready, on behalf of mistreated borrowers, to investigate and enforce violations of the student loan standards outlined in this bill.”
Providence Journal
May 22, 2019 | Our Turn: Seth Magazine and Peter Neronha: A Bill of Rights for R.I Student Borrowers
The national student debt crisis has hit Rhode Islanders hard. The average Rhode Island student loan borrower owes more than $33,000 when he or she leaves school.
Providence Journal
March 29, 2019 | State Officials Launch Push for Student Loan Bill of Rights
Rhode Island’s treasurer and attorney general want a “student loan bill of rights” to protect borrowers from deceptive lending practices.
WPRI
September 9, 2016 | RI has 4th Largest Student Debt Average Nationwide
“[Student debt] can impact their dreams of one day ever buying a house. If they default on their loan payments, it’ll negatively affect that student’s credit.”
Pontiac Tribune
December 27, 2016 | State Treasurer Goes After Student Loan Predator
“Rhode Islanders have the 4th highest student loan debt in the country. This crisis is preventing many millennials from achieving financial security. We need solutions to prevent more young people from defaulting.”
Go Local Providence Business
May 3, 2018 | Magaziner, Shareholders Demand Answers from Navient in Student Debt Crisis
“‘The student loan crisis is threatening the financial security of millions of Americans.’ said Magaziner.”
Providence Journal
October 4, 2018 | Fixing Higher Education and Student Debt
“…70 percent of high school graduates now enroll in two- or four-year programs, student loan balances now top $1.5 trillion and most young people don’t get the quality education they are promised.”
Westerly Sun
September 22, 2018 | Connecticut is Top State for Student Debt, and RI Isn’t Far Behind
“College graduates in Rhode Island and Connecticut rank near and at the top, respectively, when it comes to student debt.”