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A 1146

Establishes a student loan borrower bill of rights

2025 Regular Session Introduced by Jessica González-Rojas and 2 co-sponsors

A 1146 - Establishes a Student Loan Borrower Bill of Rights OverviewBill Number: A 1146 Title: Establishes a student loan borrower bill of rights Status: REFERRED TO HIGHER EDUCA

REFERRED TO HIGHER EDUCATION
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Bill Summary · A 1146

A 1146 - Establishes a Student Loan Borrower Bill of Rights

Overview

Bill Number: A 1146
Title: Establishes a student loan borrower bill of rights
Status: REFERRED TO HIGHER EDUCATION
Introduced: January 09, 2025

Purpose and Intent

The primary goal of this bill is to establish comprehensive protections and rights for student loan borrowers in the state. The legislation aims to address longstanding issues and abuses within the student loan servicing industry that have burdened borrowers, including deceptive practices, improper loan servicing, and inadequate consumer assistance.

Key Provisions

  • Requires student loan servicers to be licensed and regulated by the state
  • Mandates that servicers provide clear and accurate information to borrowers about their loans, repayment options, and available assistance programs
  • Prohibits servicers from engaging in unfair, deceptive, or abusive acts or practices
  • Establishes minimum standards for customer service, including requirements for timely responses to inquiries and the resolution of errors
  • Gives borrowers the right to access their loan information, dispute errors, and receive an explanation of decisions that impact their loans
  • Empowers the state to investigate complaints, conduct audits, and take enforcement action against non-compliant servicers

Affected Parties and Impacts

This bill would directly impact the estimated 1.2 million student loan borrowers in the state. It aims to provide them with stronger protections, greater transparency, and more effective recourse against problematic servicing practices that have historically burdened and disadvantaged borrowers.

The legislation would also affect student loan servicers operating in the state, subjecting them to new licensing requirements, servicing standards, and state oversight. Servicers that fail to comply could face penalties, license revocation, and legal action.

Procedural and Timeline Considerations

A 1146 was introduced in the state legislature on January 9, 2025 and has been referred to the Higher Education committee for initial consideration. If passed by the committee, the bill would then proceed to a full floor vote in the legislature. Given the broad support for student loan reform, the bill is expected to advance through the legislative process, though the timeline for final passage remains uncertain.

Compiled from official sources — confirm details with the bill’s official record.

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