Mar 5, 201806:05 PMBlog

Student Bill of Rights passes State Legislature

Mar 5, 2018 - 06:05 PM

Legislation known as the Student Bill of Rights passed both the House of Representatives and the Senate last week. Senate Bill 6029, previously requested by Attorney General Bob Ferguson, will provide much-needed protections for Washington student borrowers.

The Student Loan Bill of Rights protects student borrowers by providing a student loan advocate and imposing standards on student loan lenders. Senate Bill 6029 was sponsored by Sen. Marko Liias, D-Lynnwood.

“Too many Washingtonians are struggling to repay more than $24 billion in student loans,” Ferguson stated. “The Student Loan Bill of Rights provides borrowers an advocate and requires servicers to treat them fairly.”

By the end of 2016, 800,000 student borrowers in Washington owed more than $24.4 billion in student loan debt. To help voters and borrowers better understand these loan issues, the AG’s office released a report on Washington student loan data, as well as a  Student Loan Survival Guide.


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