Tag: student debt

The law, Assembly Bill 376, was approved by the legislature in August 2020, and went into effect last month. It protects students who borrow for their education as follows: It sets time frames for student loan providers that must be followed; it maintains records; and it requires proper training for customer service personnel in how not to engage in unfair practices.

In a recent informal survey, 20 University of La Verne students shared their thoughts about student debt, and specifically what they’d be wiling to do if they could to erase it.

On April 9, New York’s state legislature approved Democratic Gov. Andrew Cuomo’s proposal to provide free college tuition to New York residents who are full-time students and earn less than $100,000 annually. In 2018, the cap will increase to $110,000 and then $125,000 in 2019.

The average federal student loan debt at the University of La Verne for 2013 is about $22,000, said Diane Anchundia, director of financial aid.

Attention students: Prepare to empty your wallets, max out your credit cards and expand your debt as you pursue your education at the University of La Verne. A 6.5 percent increase in tuition has been approved for the 2012-2013 school year.

Republicans in the Senate blocked the Democrats’ bill Tuesday that would prevent the interest rates of the Stafford Loan from doubling July 1. The interest rate that is currently 3.4 percent would double to 6.8 percent, a price that only adds to the thicket of debt students are fighting.