DEFAULT ON STUDENT LOANS LAW CHALLENGED

By Bob Katzen

A bill before the Judiciary Committee would repeal a current law passed in 1990, which created professional licensure consequences for anyone who defaults on their student loan. Under existing law, the Massachusetts Educational Financing Authority and the American Student Assistance can request that a borrower’s state-issued professional or occupational certificate, registration, or license be suspended, revoked or cancelled for default on educational loans made or administered by either group.

“Taking away a borrower’s ability to engage in their profession does not put them in a better position to be able to repay the loan,” said Sen. Will Brownsberger (D-Belmont), lead sponsor of the bill in the Senate.

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