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 Cuomos 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.
With this proposal, we build on the success of the Excelsior Scholarship and lay out a concrete roadmap to alleviate the b…
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