State lawmakers pitched a new tax exemption Tuesday that they say could address both the crushing levels of student loan debt carried by many residents and the perennial concerns that businesses have around being able to find and keep the types of workers they are looking for.
With the legislature and local governments beginning to make decisions on how to spend billions of dollars in federal relief funding, two economic experts on Thursday urged policymakers to be mindful of equity as they chart a path forward for recovery from the COVID-19 pandemic.
U.S. Bank has agreed to cancel more than $230,000 in student debt for former students of the now-closed New England Institute of Art as part of a settlement with the Massachusetts attorney general’s office involving lines of credit the art school provided to students.
More than one-third of Millennials carry significant student loan, mortgage, credit card and some other type of miscellaneous debt.
There are 855,000 student loan borrowers who owe a combined $33.3 billion across Massachusetts, according to numbers presented by Sen. Eric Lesser, the sponsor of a bill that would create a student loan ombudsman.
College students in Massachusetts are graduating with some of the highest debt levels in the country.
The Consumer Financial Protection Bureau has collected complaints pertaining to student loan repayment issues over the last five years.
