In the News

Now, advocates are calling on the U.S. Department of Education to more aggressively monitor these arrangements after years of evidence that the current approach to the rules isn’t doing enough to protect students from potentially harmful financial products.

“What is so infuriating about this is that the Department of Education knows every single military borrower, because they have to do the match for purposes of the Servicemembers Civil Relief Act,” Frotman told Yahoo Finance. “The federal government has all the information they need to figure out and determine...

Almost 3 million people are employed by the Department of Defense, many of whom are performing a quintessential form of public service: Serving in the armed forces. But as of January of last year, just 124 members of the military had their student loans discharged under the Public Service Loan...

A coalition of consumer advocacy groups wants the Office of the Comptroller of the Currency to investigate a Virginia bank's involvement in a student lending product it claims skirts consumer protection laws.

For Washington, the embrace of such demands marks a striking change, as an idea advanced by anti-corporate greed Occupy Wall Street activists a decade ago - and resoundingly rejected by the Trump administration - moves to the heart of political debate.

The Student Borrower Protection Center, a leading student loans advocacy organization, says the student loan forgiveness program not only should be overhauled, but that Biden’s Education Department should take a more proactive stance: cancel federal student loans for public servants who serve for at least 10 years—regardless if they completed...

Talks of forgiving student debt continue as 45 million Americans get a student loan bill. Some programs already exist to relieve debt, but don’t have a widespread reach. Hear from Seth Frotman, executive director of the Student Borrower Protection Center.

A new report issued last week provides new evidence that the U.S. Department of Education and its loan servicers may have damaged the credit of thousands of student loan borrowers as it implemented a freeze on federal student loan payments that began last year.

Problems with student loan debt pushed Congress to create a seemingly straightforward law in the 1990s to help borrowers lower default rates by consolidating debt with their spouses. Two decades later, divorced borrowers are struggling with the unforeseen consequences.

The Student Borrower Protection Center (SBPC) and the NAACP Legal Defense and Educational Fund, Inc. (LDF) sent a joint demand letter to Stride Funding, a higher education lending company, following an SBPC report that their income share agreements are pricier for students who attend minority serving institutions like historically Black...