Know your rights.
The Student Loan Protection Center was created by the Offices of the Rhode Island General Treasurer and Attorney General to help student loan borrowers understand their rights and provide access to resources to protect those rights.
Tools to Make Sure Your Student Loan Company Treats You Fairly
Today, more than 130,000 Rhode Islanders owe more than $4.5 billion in student loan debt. Second only to mortgage debt, student loan debt outpaces the amount owed on credit cards or car payments. It is more important than ever for student loan borrowers to know their rights as they work toward repayment.
In recent years, many student loan borrowers have reported difficult and concerning experiences with the loan servicing companies that are hired to help borrowers pay off their loans. Among the most common stories are student loan servicers drawing the wrong amounts from borrower bank accounts, servicers failing to notify borrowers about the full range of repayment options available to them, and servicers sending inaccurate information about borrowers to credit agencies.
Millennial R.I., Treasurer Seth Magaziner and Attorney General Peter Neronha discuss student loans during the COVID-19 crisis.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act recently passed by Congress provides federal student loan borrowers with certain forms of relief. The following measures last until September 30 and are retroactive to March 13 Payment postponement:...