Governor Andrew Cuomo wants to make free tuition a reality at New York's public colleges. Students whose families earn $125,000 or less would pay nothing for tuition at two- and four-year public colleges under the governor's plan.
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Currently, if you have a 60 day overdue bill that goes to collections, and you pay the collections department when they call you, that still gets calculated in your credit score as unpaid. Now, the score will treat paid bills as paid bills. The second change is in relation to medical debt: although medical debts will still be considered in a credit score, they will be given less weight in the calculation.