Media

SBPC Publishes Collection of Expert Policy Papers and Holds Panel Series on Fixing the Broken Student Loan System: Beyond Fresh Start

Series features Rep. Ayanna Pressley, Under Secretary of Education James Kvaal, and other leading experts highlighting key flaws and fixes to our broken student loan default system.

The Washington Post

Biden proposals would help overhaul student loan system. Some say it isn’t enough.

“Congress is having a lot of challenges on getting bipartisan consensus on a lot of reforms," Persis Yu, policy director and managing counsel at the advocacy group Student Borrower Protection Center said. “The political system, as it is, is unlikely to bring about a lot of these reforms through Congress...

SBPC Uncovers Pervasive Use of Training Repayment Agreement Provisions to TRAP Workers in Low-Paying Jobs Through Student Debt; Launches Campaign to Collect Worker Stories

The SBPC released a new report documenting the widespread and accelerating use of Training Repayment Agreement Provisions as a tool to trap people in poor working environments and low-paying jobs.

PetSmart Traps Low-Wage Pet Groomers in Abusive Training Debts; Groundbreaking Lawsuit Seeks to Block Retail Giant’s Predatory Lending Scheme

Today, a former PetSmart pet groomer filed a groundbreaking class action lawsuit against the retail pet supply giant, alleging that the firm is engaged in a scheme to trap trainee pet groomers in their low-wage jobs by levying thousands of dollars in abusive and unenforceable debts against them.

New Report Finds Incarcerated Federal Student Loan Borrowers Systematically Denied Access to Student Loan Relief

Just after the Department of Education released proposed regulations expanded Pell Grant eligibility for incarcerated students, SBPC and NCLC release a report examining student debt abuses against incarcerated people.

The Biden administration is considering forgiving the student debt for millions of Americans. Here’s why

The U.S. Department of Education has also not made good on many of its promises, said Persis Yu, policy director for the Student Borrower Protection Center.

Biden’s Education Department is delaying the release of a student-loan repayment plan intended to lower your monthly bills

Persis Yu, policy director and managing counsel at the Student Borrower Protection Center, said in a statement that "distressed federal student loan borrowers are left waiting for President Biden to make good on his promise of delivering relief."

Delaying the Income-Driven Repayment Rule is Further Evidence of a Dysfunctional Student Loan System

In response to the U.S. Department of Education's announcement that it will delay its IDR proposal, SBPC details the impacts on the lowest income student loan borrowers and those experiencing financial hardship from default.

Forbes

134 Groups Urge Biden To Extend Expiring Student Loan Forgiveness Initiatives, While Top Officials Tell Borrowers To Apply Now

A coalition of over 130 organizations wrote to President Biden on Thursday, urging him to extend temporary student loan forgiveness initiatives and the student loan pause that are set to end within a matter of weeks.

Lawmakers propose bill to give public workers ‘second chance’ at student loan relief

The number of applicants actually receiving loan relief from PSLF has been low. "Just 1 in 5 of the 1.3 million borrowers pursuing debt discharge through PSLF are on track to see relief by 2026, according to a September report by the Student Borrower Protection Center."

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