800,000 Washington residents owe student-loan money — to the tune of $24B
Source Date:
Friday, December 29, 2017
Categories:
One of every seven adults in Washington owes money they borrowed to pay for college or career training, and taken all together, those borrowers owe more than $24 billion in student loans.
A report detailing student-loan indebtedness, released Thursday, forms the backdrop of a push by state Attorney General Bob Ferguson for legislation that would give college borrowers greater safeguards against deceptive loan practices. The bill, which died in the Senate after he requested it last year, would set new standards for student- loan servicers and give the state the authority to license and regulate those servicers.