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New Yorkers’ per capita student loan debt of $6,180 was 11th in the nation in 2021 and marks an increase of 335% since 2003. In 2021, New York state enacted legislation that created a single repository of links to all state agency and authority financial literacy information and programs.
The scenario for this pandemic (excluding the recovery) was fully formulated over the period 2003-2009. Its replacement with a long and rambling piece of ad hoc legislation that veers from the draconian to the incomprehensible and back again is more reminiscent of North Korea or Belarus than it is of a western democracy.
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