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Financial Aid in the News

Rhode Island: State Senate OKs Reducing Tax Refunds for Private Loan Delinquents (The Providence-Journal)

"Ihe Senate Finance Committee on Thursday voted to allow the state Division of Taxation to reduce a person’s state income-tax refund if the person is delinquent on certain college loans issued by the Rhode Island Student Loan Authority," The Providence-Journal reports. "The agency oversees a portfolio of about $1.1 billion in education loans, including loans that are guaranteed by the federal government and about $450 million in private education loans which are not federally guaranteed." The bill would allow the offset for the agency’s private education loans.

You can read the complete Oct. 30, 2009 The Providence-Journal article on-line.

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