April 17, 2024 CFPB Halts Silicon Valley Predatory Student Lending Scheme, Bans Disgraced Tech Founder from Student Loan Industry Austen Allred, pioneering “Income Share Agreement” loan shark and founder of for-profit coding bootcamp BloomTech (formerly “Lambda School”) is named in federal enforcement action; company and founder must cancel debt owed by some current and former students. Learn More
April 16, 2024 Incarcerated Borrowers Finally Able to Consolidate Student Loans Following 32-Year Ban Biden Administration announces revised guidance, overturning a 32-year-old policy prohibiting incarcerated student loan borrowers from consolidating their student loans. Learn More
April 16, 2024 Biden Administration Announces Public Comment Period for Proposed “Plan B” Debt Relief Plan, Marking Critical Step Forward Toward Sweeping Relief Proposal addressing hardship posed by student debt is expected to follow. Learn More
Tariq Habash & Winston Berkman-Breen | April 11, 2024 A Hidden Risk of Online Higher Education Domino: A Blog About Student Debt is the Student Borrower Protection Center's blog featuring analysis, commentary, and data about student debt relief. Learn More
April 9, 2024 Upcoming Senate Hearing Sets Stage for Long-Awaited Oversight and Accountability of Student Loan Servicing Giant MOHELA for Failing Borrowers Student loan expert and borrower advocate Persis Yu will offer testimony; MOHELA CEO Scott Giles declines to publicly testify. Learn More
April 9, 2024 Testimony of Persis SiChing Yu Before the Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy Re: MOHELA’s Performance as a Student Loan Servicer Learn More
April 8, 2024 President Biden to Take Major Step Towards Plan B Debt Relief for 30 Million Borrowers Today, President Biden offered his Administration’s first detailed overview of the sweeping student debt relief package that the U.S. Department of Education will unveil in the coming months. Learn More
Winston Berkman-Breen | April 3, 2024 Critical Questions for U.S. Department of Education Following Its Announcement That Specialty Student Loan Servicers Will Take Over Aspects of the Student Loan System Domino: A Blog About Student Debt is the Student Borrower Protection Center's blog featuring analysis, commentary, and data about student debt relief. Learn More
April 2, 2024 Advocates Sound Alarm: Online Ed-Tech Giant’s Looming Collapse Spells Disaster for its Student Loan Borrowers Today, SBPC and partners sent an urgent letter to the CFPB and the Department of Education warning about the potential collapse of ed tech giant 2U, inc. Learn More