Domino: A Blog About Student Debt

On September 14, SBPC hosted a day of action wherein student loan borrowers across the country were encouraged to call their student loan servicers and report out their experiences. Next month, the Department of Education is requiring 43 million borrowers to make payments on their federal student loans after three...

Tens of millions of student loan borrowers are painfully aware of the tumultuous nature of student debt news and the state of cancellation. While waiting, borrowers teeter on the precipice of financial ruin or fall into poverty.

The members of the Supreme Court’s conservative majority overstepped their constitutional duties in their ruling to block student debt relief. But their decision does not foreclose debt relief: it only denies the Secretary’s authority to provide relief under the HEROES Act.

Last week, the CFPB and 11 states took action against Prehired, a sham “tech sales” bootcamp. Next, law enforcement should take action against Ejudicate (operating as "Brief"), the company that tried to help Prehired silence students by locking them out of court and into lopsided, back-room arbitration.

This Juneteenth, we continue the fight for economic justice and for Black Americans to have the full rights and privileges of the American Dream via access to the same basic educational opportunity, including a future without burdensome debt, that white families can often take as a given.

Buried in the Office of Federal Financial Management's 2,000-page 2023 Compliance Supplement are some of the strongest signals to date that the Biden Administration intends to hold predatory student finance companies accountable.

In April, the U.S. Department of Education announced the award of its Unified Servicing and Data Solutions (USDS) program; meet the companies it will pay to manage the economic futures of more than 43 million borrowers.

By Amy Czulada and Peter Perkowski | May 30, 2023 This week marks Memorial Day, and we honor the servicemembers who have made the ultimate sacrifice to protect and defend our country and its most deeply held principles. As we support all veterans and servicemembers, we cannot overlook the $2.9...

By Chris Hicks | May 19, 2023 Yesterday, shareholders of one of the largest student loan companies in the country gathered in Lincoln, Nebraska and reminded student loan borrowers: student debt is “good debt” if you’re the debt collector. Just ask Jeffrey Noordhoek, Nelnet’s CEO, who was paid more than...

SBPC has conducted a new analysis that proves the payment pause has significantly benefitted federal student loan borrowers, and the CRA resolutions challenging President Biden's debt relief would be disastrous if passed.