July 25, 2022 130+ Groups Send Letter to White House Calling for Extension and Expansion of Public Service Loan Forgiveness and Income-Driven Repayment Student Debt Relief Programs A coalition of 134 diverse advocacy organizations urge Biden to extend and expand the PSLF Waiver and IDR Adjustment programs. Learn More
June 8, 2022 Advocates Call on the CFPB to Protect Borrowers from Predatory Practices by OPMs In a letter to the CFPB, the SBPC and Dr. Stephanie Hall of The Century Foundation call on the CFPB to protect borrowers from predatory practices by OPMs. A recent GAO report revealed that ED is failing to supervise the market. Learn More
June 6, 2022 550+ Organizations Tell President Biden to Cancel Student Debt Immediately 552 community, civil rights, education, climate, health, consumer, labor, professional, food and farm, and student advocacy organizations urge the Biden Administration to immediately cancel student loan debt via executive action. Learn More
May 2, 2022 Advocates Sound Alarm on Industry’s Implementation of Changes to IDR The SBPC, National Consumer Law Center, Student Debt Crisis Center, and Center for Responsible Lending wrote to the Education Finance Council, National Council of Higher Education Resources, and Student Loan Servicing Alliance regarding recently announced to income-driven repayment. Learn More
April 11, 2022 Advocates Call on CFPB to Eliminate the Junk Fees Harming Students The SBPC and the U.S. PIRG Education Fund call on the CFPB to use its broad authorities over enforcement, supervision, and regulation in the consumer financial services marketplace to investigate and eradicate junk fees. Learn More
March 31, 2022 Purdue Must Stop Illegally Profiting at Students’ Expense—or Risk Losing its Access to the Federal Financial Faucet In a letter to the Department of Education, the SBPC exposes how Purdue University’s notorious “Back-A-Boiler” private student loan program puts students at risk and flagrantly violates the law. Learn More
February 18, 2022 One Door Closes & Others Remain: Institutional Loans and the 90/10 Formula In connection with the second session of ED's negotiated rulemaking on the 90/10 rule and Institutional and Programmatic Eligibility, the Center for Responsible Lending, and the SBPC sent a memo to ED warning about the risks of counting institutional loans a revenue. Learn More
February 9, 2022 The System is Broken: 100+ Organizations Urge Biden Administration to Aid Millions of Student Loan Borrowers with Overdue Income-Driven Repayment (IDR) Reforms Today, a group of 104 diverse advocacy organizations, including American Federation of Teachers (AFT), National Education Association (NEA) and UnidosUS, sent a letter to the Biden administration, calling on U.S. Secretary of Education Miguel Cardona to reform broken, dysfunctional income-driven repayment (IDR) programs with the creation of an IDR restoration... Learn More
December 20, 2021 Advocates Outline a Path Forward for California to Rein in Shadow Student Debt Advocates commented on proposed rules for education financing products in California aimed at protecting borrowers from predatory education financing products. Learn More
December 8, 2021 More Than 200 Organizations Urge President Biden to Delay Restarting Student Loan Payments In a letter to President Biden, the SBPC and over 200 organizations call on the administration to extend the pause on student loan payments scheduled to resume for millions of borrowers on January 31, 2022. Learn More