Domino: A Blog About Student Debt

As training repayment agreements increasingly become a more prominent contractual weapon that corporations use to restrict worker mobility, it’s time for watchdogs and policy makers at every level to take action.

New data from the Department of Education (ED) paint a bleak picture of the student loan system’s failure to deliver the most financially distressed borrowers relief that they are entitled to under the law during COVID.

The SBPC is launching a resource center on its website for borrowers to provide them with clear and accurate information, source pain points and barriers that they experience, and direct those who need it to additional assistance. 

It’s time for Washington to end the asset-backed boondoggle that harms borrowers while lining Wall Street’s pockets.

A new memo provides a clear roadmap the Department of Education can use to remove unnecessary constraints for PSLF qualification, hold borrowers blameless for well-documented industry abuses and failures, and change ED’s own policies and procedures for overseeing the program.

It’s time for Congress to afford borrowers who take on shadow student debt the same protections as everyone else.

For too long, the Department of Education has chosen to squeeze blood from a stone rather than change the practices and rules that keep borrowers trapped in default.

Yesterday, a group of brave active duty servicemembers was featured sharing their firsthand accounts of student loan challenges with CBS News’ “60 Minutes” show.

We now know that a generation of student loan borrowers remain trapped in this broken system and that, without structural changes by ED, IDR will not offer a viable way out for these borrowers in the future.

A new SBPC report sounds a warning that failures in the design of the IDR application process may exacerbate the unevenness of pandemic recovery along racial lines.