Cuomo proposes new regulations for student loan servicers, for-profit colleges

January 17, 2019

New York Gov. Andrew Cuomo in his annual address and budget proposal outlined new requirements for student loan servicers and for-profit colleges.

Cuomo detailed his priorities for the coming year, noting in the 2020 budget book that New York state would step in to protect student loan borrowers in New York state in the “absence of federal leadership.” Cuomo made several digs at the Trump administration, noting in the “Higher Education” portion of his proposal that Trump’s education department has or is planning to roll back several regulations.

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