New York is the only state in the Northeast that does not offer low-cost loans to residents who attend college in the state.
It is unclear what interest rate students would pay, but the state's Higher Education Commission expects it to be much lower than what many students and their parents pay by borrowing from private lenders.
Source: http://www.bizjournals.com/albany/stories/2008/07/28/story6.html?ana=from_rss
