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Gov. Cuomo plans to help New Yorkers with 'exploding' student loan debt

Source Date: 
Saturday, December 29, 2018
Link: 
Gov. Cuomo plans to help New Yorkers with 'exploding' student loan debt
Tags: 
education cost, Students, low cost tuition
Categories: 
State or College Specific, Students, Planning for College, Resource

ALBANY — Gov. Cuomo on Friday unveiled set of measures intended to aid New Yorkers struggling with "exploding" student loan debt.

The proposals, which will be part of Cuomo's State of the State Address next week, include new financial disclosure requirements for colleges and universities, and new consumer protection standards for the loan industry.



Cuomo also plans to create a student loan ombudsman within his administration to help resolve complaints and enact new regulations that prohibit state agencies from suspending any professional license because the holder is behind on student loan payments.

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