On behalf of students from 17 colleges across Massachusetts, 50 student leaders are urging state lawmakers to pass a Student Loan Borrowers Bill of Rights. This legislation is included in the economic development bill, An Act Enabling Partnerships for Growth (S.2874, H. 4887) that a six-member Conference Committee in the state legislature is considering.
The cost of college tuition has skyrocketed and ever-increasing numbers of students and their families are driven to seek student loans to pay for it. This bill protects student loan borrowers from unfair, predatory, and deceptive practices of student lending and loan servicing companies..
While we commend the stated objectives of the bill to reduce the cost of textbooks and make college more affordable, we feel the mechanisms in the bill are duplicative of work currently being done by the Dept of Higher Ed’s OER Working Group and urge you to consider those findings when their work has completed before moving this bill.
MASSPIRG Students urge you to support H.998, An Act Establishing a Student Loan Bill of Rights. This bill protects student loan borrowers from unfair, predatory, and deceptive practices of student lending and loan servicing companies.