Relief for New Yorkers with student loan debt will be coming thanks to a package of new bills that are expected to be signed.
On May 4, the New York State Senate announced that legislation will be passed that provides student debt relief. The Senate Majority is committed to removing barriers that limit students from pursuing higher education by proposing legislation that would increase the income eligibility for the tuition assistance program
“The importance of higher education for both the personal mobility of our students, and the economic health of our state could not be clearer. We as lawmakers have a responsibility to assist students in making informed decisions on their borrowing, and provide assistance to ensure that the cost of higher education is accessible to all who wish to pursue it,” Senate Majority Leader Andrea Stewart-Cousins said. “Student debt is a crippling burden on many New Yorkers already struggling to pay their bills during a period of inflation. While we wait for student debt relief from Washington, these bills make substantial steps to provide financial aid assistance and set our students up for success now and in the future.”
