In the dire economy the nation now faces, forgiving anyone’s debt should help to counter economic contraction. And some more recent research suggests that differences in the marginal propensity to consume across different groups may be smaller than previously thought.
Learn More
The SBPC is proud to be part of a growing movement of advocates reaching from coast to coast — consumer groups, grassroots organizers, labor organizations, elected officials, law enforcement, and regulators — who have thoughtfully and tenaciously taken critical steps to stand up for the millions of Americans with student...
Learn More
The private student loan market is extremely opaque and lacks many of the key reporting requirements present in other areas of consumer finance—in fact, some participants share critical information on borrower outcomes with only their most elite clients. However, indirect sources such as the disclosures from Student Loan Asset Backed...
Learn More New evidence underscores the importance of broad-based student debt cancellation in reducing the economic drag this debt imposes on American families' financial lives. This is more important than ever if we are trying to get our economy back on track.
Learn More The report, written by SBPC fellow Brian Shearer, builds a case for how states can oversee the nonbank companies at the center of the $1.6 trillion student loan market. The report also offers a path forward for states to oversee other critical nonbank financial institutions that play large roles in...
Learn More Before the ink had dried on 30 million Americans’ layoff notices, companies peddling “income share agreements” (ISAs) were already trotting out crafty PR pitches, misleading marketing materials, and new predatory programs aimed at exploiting this crisis.
Learn More If you have had your wages garnished to repay a federal student loan, we want to hear from you. We know that borrowers across the country have had their wages illegally seized by Education Secretary Betsy DeVos. That’s why we have partnered with Student Defense and National Consumer Law Center...
Learn More Today, the SBPC released a new report examining the private student loan market. The report offers a snapshot of recent trends and borrower outcomes in the space, indicating a critical need for more rigorous borrower protection at the federal, state, and local level.
Learn More Today, the SBPC released a comprehensive analysis showing a growing cause for concern within the private student loan market. The report finds that the rapidly growing private student loan market is putting the most vulnerable borrowers at risk. Even before the current coronavirus-fueled crisis, these borrowers struggled to get help...
Learn More
As Americans face unprecedented economic and financial pressure, having wages seized can mean the difference between having enough money to pay rent or to put food on the table.
Learn More