Media

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.

Tariq Habash & Winston Berkman-Breen |

A Hidden Risk of Online Higher Education

A new consumer protection lawsuit in Maine illustrates the risks to students and challenges for the higher education sector, and serves as a call to action for regulators.

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.

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

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.

USA Today

Biden promises student loan relief as early as this fall through new plan

Winston Berkman-Breen |

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

ED’s assertion that borrowers will deal directly with the federal government is alarmingly inaccurate and begs numerous questions that must be answered immediately.

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.

MOHELA’s “Cease and Desist” Letter Offers New Evidence of Mismanagement, Abuse by the Scandal-Ridden Student Loan Company

Advocates to MOHELA: “Tuuth is on our side;” AFT and SBPC petition Education Department Inspector General to audit MOHELA’s performance under its federal contracts.

LDF, SBPC, and Upstart Announce Final Monitorship Report on AI and Fair Lending

Independent monitor ends oversight of Upstart network amid impasse and offers guidance for fair lending oversight in financial services; parties warn of risk of AI-driven bias in consumer lending.

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