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Nuclear family, food pyramid, go to college. If you’re anything like me, those three elements of the metanarrative we call success have been shoved down our throats since back when we still had hope in our eyes. But as time passed, the disillusionment set in. Two and a half kids with a home and a white picket fence in this economy? Who needs beef when you have Impossible Burgers? And what’s the point of a college degree when you have this to look forward to?
Thankfully, a new law should make it a little easier for New Yorkers to crawl from under their crippling student loan debt.
A new measure signed Thursday by Gov. Kathy Hochul is meant to end lessen the burden of student debt fees charged by state agencies in New York. The law will address student debt surcharges by state agencies that had been owed when they are unable to collect educational debt through traditional means. The fees can reach up to 22% on top of the total amount due.
22%!? And I thought the 7% on graduate loans were murder!
“When students across New York spoke up about the difficulties of digging out of debt, my administration listened,” Hochul said. “By signing this legislation, we are removing a barrier to higher education and ensuring that students can graduate without debilitating debt that has disproportionately hurt students least able to afford it. Every New Yorker deserves access to a quality education without fear of getting trapped in a cycle of debt.”
Go get that quality education! And hopefully a job that pays you more than $13 an hour to do it. Maybe go dog walk for $50 an hour?
New Law Will Lighten Student Debt Burden In New York [Spectrum Local News]
Chris Williams became a social media manager and assistant editor for Above the Law in June 2021. Prior to joining the staff, he moonlighted as a minor Memelord™ in the Facebook group Law School Memes for Edgy T14s. He endured Missouri long enough to graduate from Washington University in St. Louis School of Law. He is a former boatbuilder who cannot swim, a published author on critical race theory, philosophy, and humor, and has a love for cycling that occasionally annoys his peers. You can reach him by email at cwilliams@abovethelaw.com and by tweet at @WritesForRent.
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