If you or someone you know has student loans listen up.
Time, money, aggravation. All of that comes with paying back student loans.
Now, something on the horizon that might to help with all three.
Students at Utica College said they are all dealing with student loans and that the stress of those loans just keep building up.
"Just now I'm already over eighty thousand dollars in debt and I'm not even done, so it’s going to be a huge amount of money that I'm going to have to pay back," said student Samantha Matthews
"They are kind of ridiculous. Like, it feels like, thousands upon thousands of dollars piling on top of you," said student Caleb Stone
“It really is getting out of hand, " said student Dominique Cancone.
The stress really piles up on students after.
"It is a concern. A lot of my friends have concerns. A lot of my family members and it’s a big concern for everyone. "
Students at Utica College already worry so much about student loans, but now they have to worry about one less thing thanks to governor Cuomo.
"Identifying various issue for consumer protection, " said President of Commission on Independent Colleges and Universities Laura Langlin
Reportedly by CICU, from debt relief companies.
"They are trying to act as an intermediary and offer these students services that are often free of charge to them and charge them a fee and often and sometimes an extraordinary fee, " said Anglin
Which concerns students at Utica College.
"It’s scary because I don’t know a lot about it. I just go with whatever they say to me and the banks and all this stuff. "
That’s why the CICU urges both students and parents to take advantage of all of the resources to educate themselves about paying back student loans and to be cautious about dealing with reputable companies.
That, while governor Cuomo investigates thirteen debt relief companies in New York state, which has the third highest average for student loan debt in the country.