Relating to: student loans for postsecondary education, requirements related to student loan servicers, creating an office of the student loan ombudsman in the Department of Financial Institutions, granting rule-making authority, and making an appropriation. (FE)

Summary

The bill establishes an Office of the Student Loan Ombudsman within Wisconsin's Department of Financial Institutions to provide assistance, resolve complaints, and collect data for borrowers of post‑secondary education loans. It defines key terms, outlines the ombudsman's duties, and gives the office authority to work with loan servicers, higher‑education institutions, and other agencies. The measure seeks to improve consumer protection for student loan borrowers in the state.

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