New York establishes task force for private student loan refinance

State Issues State Legislation Student Lending New York

On December 22, the New York governor signed SB 2767, which established a private student loan refinance task force. Among other things, the bill created the task force to study and report on ways lending institutions offering private student loans to graduates of institutions of higher education can be encouraged to create student loan refinancing programs. According to the bill, the private student loan refinance task force is instructed to issue a report of its findings and recommendations to the New York governor, the temporary president of the senate, and the speaker of the assembly. The bill is effective immediately and will expire on January 1, 2023.