Protecting Against Student-Debt Abuses

October 2, 2017

Thanks to the efforts of Rep. Matthew Lesser, the House chair of the legislature's Banking Committee, Connecticut is at the forefront of states that have taken action to protect people from student-loan servicing companies that have taken advantage of indebted students.

While the Trump Administration rolls back the weak federal protections that exist, more than a dozen states are trying to reform the largely unregulated student loan industry.

So far, two states – Connecticut and California – and the District of Columbia have enacted a student loan bill of rights, and lawmakers in eight other states are currently considering similar legislation.

“The federal government has been inactive in addressing this issue” said Rep. Lesser, who led passage of the first state student loan bill of rights in the country. “They’ve sat on the sidelines as the debt tsunami has risen higher and higher,” he said.

Read this American Prospect news article.