In the News

Eleven state financial regulators are calling on Education Secretary Miguel Cardona to rescind Trump-era regulations that they say are insulating student loan servicers from more oversight.

Kat Welbeck, a civil rights counsel at the Student Borrower Protection Center, said lack of generational wealth plays a role in student debt. She pointed out that Black and Latino students tend to have higher debt burdens because their families don’t have the financial resources to pay for college, so...

Congress wrote a law promising forgiveness to student loan borrowers who make two decades of on-time payments. But that promise has fallen short, according to a new report. Of the roughly two million borrowers on the plan who have been making payments for more than 20 years, only 32 individuals...

While the legislation does not outline any direct student loan relief, lawmakers continue to debate how to remediate the debt crisis. Mark Huelsman is a fellow at the Student Borrower Protection Center and has been researching student debt for years. In an interview with News 3 Reporter Erin Miller, he...

For years, this has been the animating theory of American student loans. They’re not a shortcut to the middle class or a cheat code, but a high-stakes workaround, a back route, a way to give yourself the bootstraps so you can actually pull yourself up by them. A half-century into...

For months, borrower advocates have been calling on Congress to include these borrowers as they consider student-loan provisions in the context of coronavirus relief bills. Now, some are urging the Department of Education to use its authority to create a pathway for these borrowers to be included in the payment...

When the U.S. government bailed out student loan lenders during the Great Recession, legislators unintentionally set off a series of cascading events that has left more than six million student loan borrowers locked out of a crucial benefit amid the coronavirus pandemic more than 10 years later. Two consumer advocacy...

Nationally, student loan debt is at crisis level. The share of students behind on loan payments equals the share of homeowners in default at the peak of the housing crisis. What’s the best way to help students struggling under a huge debt burden?

Debt cancellation would grow the economy by hundreds of billions of dollars each year, creating the more prosperous future Americans hope to see when the health crisis is over. Biden’s economic recovery plan aims to put people back to work; debt cancellation would add up to 1.5 million jobs per...

Congress and the Biden administration should require colleges and universities to forgive all institutional debt as a condition of getting additional coronavirus relief funds, said the Student Borrower Protection Center.