For-profit schools have a long track record of engaging in fraudulent and deceptive tactics to entice vulnerable students to enroll—often charging significantly more than their nonprofit counterparts. Once enrolled, many of these students are pressured into taking out high-cost loans for what are often worthless degrees.
Learn More
To help move the needle, today, the Student Loan Law Initiative, a partnership of the Student Borrower Protection Center (SBPC) and the University of California, Irvine School of Law (UCI Law), is launching a new grants program to support researchers who want to begin tackling these questions.
Learn More
In her complaint, filed by our partners at the National Consumer Law Center and Justice Catalyst Law, she alleges that the company ignored its duty to stop collecting against her—a right she is guaranteed under rules that protect borrowers defrauded by for-profit colleges. In the process, her student loan company...
Learn More We’ve put together some helpful questions to the agencies in an attempt to get a handle on what this new scheme means for borrowers. The answers to these questions will determine whether borrowers are getting a bad deal and also whether these agencies are breaking the law.
Learn More Attending college can be one of the most important and expensive financial decisions in a person's life. Adding to that expense, many financial institutions and schools partner to offer and aggressively market their banking products on campus. Students with these accounts often end up paying hundreds of dollars or more...
Learn More
Every day, consumer reporting companies across the country collect information and produce reports about hundreds of millions of Americans. These reports are provided to or bought by other companies and used to determine access to credit, employment, housing, insurance, and more. The information contained in the reports significantly impacts millions...
Learn More As reports of widespread servicing breakdowns leading to significant borrower harm continue to emerge, it is critical that we examine the disparity in loan performance between borrowers of color in comparison to their white peers, the role of student loan servicers in exacerbating these outcomes, and the federal inaction that...
Learn More For too long, the student loan industry has sought to sell judges on exotic legal theories to absolve these companies of the consequences of their abuses and deny borrowers their day in court. Today’s amicus brief, co-authored with Montana Legal Services and National Consumer Law Center, is the most recent...
Learn More Five Things to Know About the Sweeping Student Borrower Protection Legislation Moving Through Congress By Seth Frotman | December 9, 2019 For too long, student loan borrowers have been trapped in a broken system plagued by predatory actors. Although student loans are the second-largest class of consumer debt, borrowers are...
Learn More While policymakers strengthened consumer protections for most credit products in the wake of the financial crisis, the rights of student loan borrowers continue to lag far behind. At every step of the lending and repayment process, 44.7 million American student loan borrowers still lack the same basic rights enjoyed by...
Learn More