Advertisement

Gov. Cuomo proposes measures to fight burden of student debt

New York Gov. Andrew Cuomo delivers one of his State of the State addresses at SUNY Albany in Albany, N.Y., Wednesday, Jan. 11, 2017. New York Gov. Andrew Cuomo delivers one of his State of the State addresses at SUNY Albany in Albany, N.Y., Wednesday, Jan. 11, 2017. | Photo: AP Photo / Hans Pennink.

December 31, 2017 04:24 PM

ALBANY, N.Y. (AP) - Gov. Andrew Cuomo is proposing measures to fight the crushing burden of student loan debt.
    
The Democratic governor says his proposed reforms build on the Excelsior Scholarship, which makes New York's public universities tuition-free for middle class families.
    
Cuomo proposes creating a student loan ombudsman in the state Department of Financial Services to help resolve student complaints, educate borrowers and assist students in default.
    
He also proposes requiring colleges to provide truth-in-lending facts for students, and increasing consumer protection standards in the student loan industry.
    
Cuomo proposes prohibiting state agencies from suspending professional licenses of people behind or in default on their student loans.
    
The proposals will be part of his State of the State address on Wednesday.

Advertisement – Content Continues Below

Credits

AP

(Copyright 2017 by The Associated Press. All Rights Reserved.)

Advertisement
Relay Media Amp
Advertisement
Advertisement
Saratoga Race Course opens for the 2018 season

Crowds rush in to snag that perfect Saratoga spot

Track workers, merchants and jockeys bask in opening day glow

Rochester couple gets married at Saratoga Race Course

Trackgoers share their opening day traditions

Advertisement