Media

Moving the Student Loan Program to SBA is Illegal, Unserious, and a Distraction

If Donald Trump actually cared about lowering costs for working people across this country and not just throwing red meat to his base, he would shut the student loan system down.

Trump and McMahon Take Wrecking Ball to Education Department, Betraying Students and Working Families

Advocates call on Congress to convene emergency hearing, demand answers, and hold Linda McMahon accountable.

AFT Sues U.S. Department of Education, Demands Justice for Student Loan Borrowers Blocked from Affordable Loan Payments

The 1.8 million-member AFT sued ED for effectively breaking the student loan system, denying borrowers’ access to affordable loan payments and blocking progress towards PSLF, in violation of federal law.

Trump and McMahon’s Mass Firing at ED Stokes Flames of Ongoing Chaos Campaign

Straight from the Project 2025 playbook, this reduction in force is a calculated step to further destabilize the lives of students and working families.

Advocates Blast Trump Plans to Sign Executive Order to Weaponize Public Service Loan Forgiveness and Stifle Free Speech Across America

Today, President Trump signaled his intent to sign an executive order to revoke eligibility for Public Service Loan Forgiveness (PSLF) from borrowers employed at non-profit organizations engaging in work opposed by the Trump Administration.

Former CFPB, FTC, and White House Officials Join the Fight to Protect Borrowers

SBPC, UC SLLI, and Protect Borrowers Action are proud to announce a new cohort of fellows who will bring their deep experience serving across the White House, CFPB, and the FTC to the fight to protect borrowers.

Consumer Advocates: Corporate Pardons for Wells Fargo, Bank of America, J.P. Morgan Chase, and Zelle Parent Company Mark Trump CFPB’s “Open Season for Ripping Off Americans”

Trump leadership at the CFPB dropped a major enforcement case against Zelle and three banks, Wells Fargo, Bank of America, and J.P. Morgan Chase.

SBPC Calls on Senators to Protect Public Education, Stand with Working Families, and Reject Linda McMahon’s Dangerous Nomination to Lead Department of Education

Today, the United States Senate is expected to vote on the nomination of Linda McMahon to serve as the next Secretary of Education. If confirmed, McMahon would be charged with managing a $1.6 trillion dollar student loan portfolio—the equivalent of one of the largest consumer banks in the world. In...

February 28, 2025

Current and Former CFPB Officials: Trump Appointees are Lying, Concealing Scheme to Defang Consumer Watchdog

Late last night, 12 current and former Consumer Financial Protection Bureau (CFPB) officials filed declarations in a federal court case that seeks to protect the CFPB from a relentless, weeks-long assault by Trump Administration appointees including Elon Musk and Acting CFPB Director Russ Vought.

February 27, 2025

Press Call Advisory for Friday, February 28: Former Consumer Protection Officials to React to Trump CFPB Dismissing Slew of Enforcement Actions and Resulting Harm to Americans

Tomorrow at 11:00 a.m. ET, top experts from the Student Borrower Protection Center (SBPC) and Consumer Federation of America (CFA) will join the former head of enforcement from the Consumer Financial Protection Bureau (CFPB) to respond to the news that Trump leadership at the CFPB dismissed a slew of enforcement...

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