Boston Student Loan Lawyer

Law Office of Adam S. Minsky

  • Home
  • Services
  • About
  • Publications & Press
  • Testimonials
  • Speaking & Trainings
  • Contact
  • Blog

Introducing the Student Loan Bill of Rights

February 3, 2017 | Adam S. Minsky, Esq. Articles Current Events Policy & Reform

Share the post "Introducing the Student Loan Bill of Rights"

  • Facebook
  • Twitter

A bill has been filed in the Massachusetts State Legislature that would create a “Student Loan Bill of Rights.” This legislation has the potential to provide student loan borrowers here in Massachusetts with powerful new protections from student loan servicers.  The bill is sponsored by Senator Eric Lesser and Rep. Natalie Higgins.

Here are some of the bill’s highlights:

  • Student loan servicers would be required to register with the state and pay a licensing fee.
  • Student loan servicers that are subject to oversight would be prohibited from engaging in unfair, deceptive, or abusive practices common in the student loan industry, such as misapplying payments or supplying misinformation.
  • Student loan borrowers would be provided with the right to file a lawsuit against student loan servicers who violate the bill of rights.
  • The state would also establish an Ombudsman position to monitor student loan servicing and help student loan borrowers obtain out-of-court resolutions to their servicing issues.

This bill has the potential to give student loan borrowers important new tools to make student loan repayment fairer and more transparent. And with federal oversight of student loan servicing in question following the recent presidential election, state-level protections are going to become that much more important.

If you live in Massachusetts, call your State Senator and State Representative and ask them to support the Student Loan Bill of Rights (you’ll need to reference the Senate Docket Number, S.D. 1229). If you don’t know who your representatives are, click here to find out.

 

Share the post "Introducing the Student Loan Bill of Rights"

  • Facebook
  • Twitter

Articles Current Events Policy & Reform

About Adam S. Minsky, Esq.

Adam S. Minsky founded the first law office in Massachusetts devoted entirely to assisting student loan borrowers, and he is one of the only attorneys in the country practicing in this area of law. He provides counsel, legal assistance, and direct advocacy for borrowers on a variety of student loan-related matters. He regularly speaks to students, graduates, and advocates about the latest developments in higher education financing.

Books by Adam S. Minsky

The Student Loan Handbook for Law Students and Attorneys

The Student Loan Handbook for Law Students and Attorneys

Student Loan Debt 101

Student Loan Debt 101: The Definitive Guide to Understanding and Managing Your Student Loans

Student Loans for Parents and Cosigners

The Student Loan Guide for Parents and Cosigners

617-936-2788
asminsky@minsky-law.com
By Appointment Only 265 Franklin Street, Suite 1702
Boston, MA 02110

Copyright © 2022 Adam S. Minsky · DISCLAIMER: This website may be considered advertising under Massachusetts Supreme Judicial Court Rules. The content of this website is for informational purposes and should not be considered legal advice. This web page does not establish an attorney-client relationship. Terms of Use

Copyright © 2022 · MinskyLaw on Genesis Framework · WordPress · Log in