An Act relative to unpaid student loans
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill addresses the issue of unpaid student loans in Massachusetts. It aims to establish a process for managing and potentially resolving these outstanding debts, focusing on streamlining state administration and regulatory oversight related to student loan programs. The bill seeks to improve the state’s ability to handle and address the complexities of student loan debt for its residents. It is currently under review by the Senate Committee on Ways and Means.
Key provisions
- Establishes a framework for state administration and regulatory oversight of student loans.
- Focuses on improving the management of unpaid student loan debt.
- Likely involves streamlining processes for borrowers and lenders.
- May include provisions for data collection and analysis related to student loan debt.
- Could establish a task force or working group to study the issue further.
Who is affected
- Student loan borrowers in Massachusetts
- Massachusetts state agencies involved in student loan programs
- Financial institutions servicing student loans
- The state government of Massachusetts
Notable changes
- The bill proposes changes to the existing system for handling student loan debt within the state.
- It may create new reporting requirements or processes for lenders and borrowers.
Bill text
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Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
Cosponsors
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