Comment on Massachusetts Senate OKs bill aimed at student loan lenders

Massachusetts Senate OKs bill aimed at student loan lenders

BOSTON — The Massachusetts Senate has passed a bill supporters are calling a student loan bill of rights.The bill —approved unanimously by the Senate on Wednesday — aims to will help protect students from unfair, predatory, and deceptive practices from student lending and loan servicing companies.The bill would require a new licensing regime for student loan companies and build on Democratic Attorney General Maura Healey's efforts to create a student loan ombudsman to be a one-stop shop to handle complaints of student loan abuse.

 

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