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Lawmakers weigh relief for student loan borrowers

Supporters, like Betsy Mayotte, president and CEO of The Institute of Student Loan Advisors, said a loan ombudsman would provide a “broad and long-standing positive economic impact to the state.”

“Data shows that student loan debt delays many significant life and financial events including marriage, buying a home, saving for retirement, and having children,” she wrote in testimony in support of the bill.