New York Launches Student Lending Resource Center

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Explore:  Student Loans

On March 13, the New York DFS launched a new website to provide student borrowers with information about (i) the types of financial aid available; (ii) what to do in the event of default; (iii) “how to avoid unnecessary or unfair fees when opening a bank account at school”; and (iv) the tax credits and deductions available for education expenses. The website also includes a link to the DFS’s consumer complaint portal to allow borrowers to file complaints about “student-related” financial products or services. The website was launched as part of the state’s Student Protection Unit announced in January 2014.

Topics:  Student Loans

Published In: Consumer Protection Updates, Education Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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