Domino: A Blog About Student Debt

The SBPC has uncovered additional evidence of troubling practices and possible borrower harm by Climb Credit, a specialty lender that offers loans students can use to finance attendance at job training programs ranging from coding bootcamps to teacher training courses.

New data from the Federal Reserve’s Survey of Consumer Finances show that distress continues to mount in the private student loan market—especially for borrowers of color.

The Administration has repeatedly sided with some of the largest financial companies in America, rather than supporting efforts by law enforcement officials and regulators to protect borrowers and hold the industry to account. Borrowers deserve better.

We want to better understand the pain points student loan borrowers are facing when navigating their finances amid the coronavirus pandemic. That is why we are encouraging borrowers to share their stories by participating in our new survey aimed at identifying where these widespread errors and breakdowns are occurring in...

Thanks to new evidence obtained by U.S. Senator Patty Murray, we are finally beginning to understand in detail how many people across the country are being denied PSLF.

In conjunction with the release of the report, "Broken Promises: Employer Certification Failure," the SBPC released two new sets of documents and records that have never before been available to the public.

Despite industry assurances that the private student loan market is free from borrower distress, a closer examination of outcomes suggests that certain subsets of borrowers disproportionately struggle with private student debt—namely, Black and Latinx borrowers.

A new report finds that while ISAs are a relatively recent development in the student loan market, they share important common features with well-established loan products and fall squarely within those statutes.

The SBPC found that the company’s use of this data resulted in ‘educational redlining,’ penalizing borrowers who attended minority-serving institutions. Upstart’s practices highlight key problems related to the use of educational criteria in underwriting, federal fair lending laws, and equal credit access.

In conjunction with the release of the report, "Broken Promises: Employment Certification Failures," the SBPC has released two new sets of documents and records that have never before been available to the public