Advocacy

This memo describes how borrowers whose loans are serviced by Nelnet have suffered from the industry's harmful practices, in particular when it comes to Income-Driven Repayment (IDR) options.

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.

After four years of leading the fight to protect student loan borrowers, 2021 has seen states across the country continue to take steps to deliver protections and hold companies harming borrowers accountable.

This issue brief, from the SPBC and the Center for Consumer Law & Economic Justice at the University of California, Berkeley, School of Law, provides an overview of how California's Department of Financial Protection and Innovation and the California legislature can protect borrowers from predatory income share agreements. 

Former students filed lawsuits against Top Applicant (also known as “Elevate”), a predatory online bootcamp, and Leif, a nationwide ISA provider. Alongside this, SBPC referred Leif to the CFPB. SBPC referred the ISA company to the CFPB.

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.