With total student loan debt exceeding $1 trillion, Gov. Andrew Cuomo wants to boost protections for New Yorkers who require financial assistance to pay their way through college.
Cuomo released his latest 2018 State of the State proposal Friday aimed at student loan debt. The four-point plan must be reviewed and approved by the state Legislature.
The governor's agenda includes establishing a student loan ombudsman at the state Department of Financial Services who would help address student complaints and provide educational information about loans. For students who have defaulted on loans, the ombudsman would provide free financial assistance.