Letters

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.

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...

Advocates commented on proposed rules for education financing products in California aimed at protecting borrowers from predatory education financing products.

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.

SBPC and a coalition of the nation’s largest unions sent letters to 25 large student loan companies demanding immediate action to ensure successful implementation of ED's recent overhaul of PSLF.

The SBPC and the Open Markets Institute warn the Consumer Financial Protection Bureau about the risks that emerging forms of employer-driven student debt pose for workers and markets.

In a letter to PHEAA, the SBPC warns the company that providing incorrect, misleading information to borrowers related to the recent overhaul of the Public Service Loan Forgiveness (PSLF) program violates federal and state consumer financial protections.

In a letter to the Consumer Financial Protection Bureau, the SBPC calls attention to troubling practices by large technology companies that are occurring in the higher education finance and postsecondary education space.

In a letter, the Student Borrower Protection Center offers comments on proposed interagency guidance for banking organizations on managing risks associated with third-party relationships.

In light of recent action by the CFPB to affirm that ISAs are a form of private student loan that must comply with all relevant state and federal consumer financial protections, the SBPC sent letters to a number of federal agencies highlighting the need for increased scrutiny of the ISA...