Gov. Hochul signs legislation halting additional fee on outstanding student debt

New legislation signed by Gov. Kathy Hochul will halt an additional fee owed to the state when collecting outstanding student debt.
Prior to this legislation, a fee of 22% was added by state law on top of the total debt that the student owed.
Hochul has said that the legislation aims to remove barriers for people seeking quality education and help prevent students from falling into a cycle of debt.