EDCAP delivers free, expert help so New Yorkers can navigate student aid and loans with confidence. These annual reports show how outreach, education, and one‑on‑one counseling translate into real savings and clearer paths to repayment. Browse the reports to dive deeper.
EDCAP Program Report: 2024-25
Summary: Over 2.4 million New Yorkers carry a total of nearly $100 billion in student loan debt. As repayment systems grow more complex, borrowers face confusion, misinformation, and scams. The Education Debt Consumer Assistance Program (EDCAP) exists to empower these borrowers, providing free, expert guidance to help New Yorkers understand their options, avoid predatory practices, and reduce or eliminate their debt.
This past year, EDCAP’s outreach and educational campaigns reached over 6.9 million New Yorkers. The program conducted educational workshops for over 16,000 people, provided over 7,000 one-on-one counseling sessions, and saved borrowers over $10 million by helping them better manage their loans.
EDCAP Program Report: 2023-24
Summary: Over 2.4 million people carry $94.4 billion in federal student loan debt in New York. With the federal student debt system becoming increasingly complex, many borrowers struggle to find reliable help navigating repayment options and may fall victim to scams. EDCAP exists to empower these borrowers, providing them with essential guidance and support in managing, reducing or eliminating their student debt burdens.
This past year, EDCAP’s outreach and educational campaigns reached over 5.2 million New Yorkers, raising awareness on pressing student debt issues and offering critical resources for repayment and forgiveness. Read our 2023-24 annual report to learn more.
EDCAP Program Report: 2019-23
Summary: In New York, 2.4 million individuals carry an average student loan debt exceeding $41,000. Many student loan borrowers don’t know where to find help navigating the complex student debt system and can fall victim to scams. The Education Debt Consumer Assistance Program (EDCAP) helps borrowers make informed decisions about managing and eliminating their student debt.
Since its establishment in 2019, EDCAP has made significant strides in addressing student debt issues in New York State.