Rhode Island: State Senate OKs Reducing Tax Refunds for Private Loan Delinquents (The Providence-Journal)
4 November 2009
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“The 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.
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