Media

Given problems at 2U, ED needs to lay the groundwork now to ensure that student loan borrowers have a clear path to relief if an OPM folds or suddenly changes its offerings due to problems at the corporate level—and it needs to make students and the public aware of those...

"...based on recent data from the Education Department, the SBPC found that while over 9 million public servants have student debt and are eligible for loan forgiveness, just 2% - or 130,730 - have actually seen relief since November 2020. That's partly because, according the SBPC, fewer than 15% of...

Today, the Consumer Financial Protection Bureau (CFPB) launched a first-of-its-kind federal inquiry into employers’ growing use of debt as a predatory tool to trap people in abusive jobs and poor working conditions.

Yesterday, Washington Attorney General Bob Ferguson filed a lawsuit against the disgraced online tech sales bootcamp Prehired, LLC and its founder, Joshua Jordan, for a startling array of illegal acts and practices.

The SBPC released a new estimate that over 9 million public service workers with federal student loans are eligible for debt cancellation through PSLF, and a coalition of labor unions representing more than 7.5 million workers joined with SBPC to launch a national campaign to reach public service workers.

We sent a letter to the CFPB calling on the agency to step in and protect students from predatory conduct by OPMs—something ED has proven unable or unwilling to do for more than a decade.

Testimony of Mike PierceExecutive Director of the Student Borrower Protection CenterBefore the Senate Committee on Banking, Housing, and Urban Affairs Examining Student Loan Servicers and Their Impact on Workers May 5, 2022 Click here to read the full remarks of Mike Pierce to the Senate Banking, Housing, and Urban Affairs...

New bills in Louisiana would ensure borrowers have protections against rampant predatory loan servicing and would require private student loan companies to report to state financial regulator.

Organizations from all 50 states demand executive action on student debt as new tracking poll continues to show likely voters support action by 2:1 margin.

California's Department of Financial Protection and Innovation can protect students from runaway institutional debts through its existing ability to regulate schools as debt collectors when they choose to act as such.