Barrett Backs Student Loan Bill of Rights

Press Release

Boston – On April 11, Senator Mike Barrett (D-Lexington) joined his Senate colleagues in voting to pass the “Student Loan Bill of Rights,” giving greater protections to student loan borrowers in disputes with companies servicing their loans.

The bill, ‘An Act establishing a student loan bill of rights’, requires student loan servicers to be licensed companies with the state Division of Banks, and empowers state officials to investigate loan servicers and take action against those that violate the state’s banking and consumer protection laws.

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