Governor Hochul signs legislation to expand public servants’ access to student loan forgiveness
Federal student aid chief Richard Cordray said: “Public service employees make a meaningful difference in communities across the Empire State. Governor Hochul’s actions today will help New York Public Service employees get the student loan relief they deserve.
Adrienne A. Harris, Superintendent of the Department of Financial Services, said: “The Department of Financial Services is committed to protecting and empowering borrowers and families across the state. Our employees are ready to help New Yorkers by answering questions and handling complaints about student loans, including the PSLF program.”
Senator Chuck Schumer said: “For too long, student debt has been an anchor for young people and families, weighing them down in almost every aspect of life. That’s why I fought tirelessly for years to convince President Biden to give millions of Americans the relief they need to get on with life. The positive impacts of this decision will be felt across New York and the country, especially in minority communities, with at least $16 billion returned to the pocketbooks of working families across the Empire State. Today’s action will help ensure that every eligible New Yorker can access this critical federal relief and take advantage of public service loan forgiveness programs to break that anchor, help rebuild the middle class and give people the debt-free future they deserve. “
Representative Adriano Espaillat said: “Teachers, firefighters and law enforcement officers provide essential services essential to our daily lives. We have made tremendous progress in securing student loan debt for public servants, and I commend the Governor Hochul for today’s announcement to help strengthen our efforts to break down barriers in the Federal Public Service Loan Forgiveness Program and Student Debt Forgiveness and Forgiveness Waiver of State Taxes This legislation will ease the debt burden of public service workers and go a long way toward paying down the debt that we collectively owe to the men and women of public service.
Representative Jamaal Bowman said: “Student debt is a national crisis, and I am grateful that Governor Hochul has now signed legislation to help provide relief to those burdened with student loans. New York legislation will help streamline the loan forgiveness program process. (PSLF), removing barriers for eligible public service workers.New Yorkers in all sectors of the public service, including a large number of educators, will benefit, which is d “Critically important for both recruitment and retention. Critically important for supporting our public service workers who often have to put off important life decisions like buying a home or starting a family. This legislation is a step important in the right direction.
Professional Staff Congress President James Davis said: “Thank you to Governor Hochul, Majority Leader Stewart-Cousins, President Heastie, Senator Kevin Thomas, Assemblyman Harvey Epstein, and all lawmakers for recognizing the contributions adjunct professors make to the hand education workers and for prioritizing higher education workers in the public Service Loan Remission Program The work of the auxiliaries who teach the majority of our classes is often not recognized in our two-tier university work system.Many auxiliaries work the equivalent of full time, but have been neglected because only their class hours have been counted.The legislation changes this and is a big step forward for solving the student debt crisis that is preventing so many New Yorkers from living their best lives.”
United University Professions President Dr. Fred Kowal said: “We are grateful and excited to have Governor Hochul sign this important bill, which will help thousands of state employees struggling with student debt get some or all of it off through the federal debt forgiveness program. public service loans.Thanks also to Senator Kevin Thomas and Assemblyman Harvey Epstein, the sponsors of the bill.The UUP has been a key supporter of this bill during the session, as it expands PSLF eligibility, qualifying many SUNY deputies who were previously barred from the program. Nearly 40 percent of UUP members are deputies. Thank you, Governor, for your strong support of SUNY. C This is a huge win for our members as well as public employees across the state.