Media

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."

130+ Groups Push White House to Extend and Expand Access to Public Service Loan Forgiveness and Income-Driven Repayment Student Debt Relief Programs

134 organizations send a letter to Biden urging immediate action to expand the PSLF Waiver and IDR Adjustment programs—alongside a new analysis indicating the powerful impact of the PSLF Waiver.

Ben Kaufman |

The PSLF Waiver Has Been a Huge Success, and It May Be Just Hitting Its Stride. Why End It?

The PSLF waiver has been a phenomenal success—and it may just be getting started in delivering its powerful benefits. The Biden Administration should take the commonsense step of preventing it from expiring.

Laura Hamilton and Christian Smith |

OPM Contracts Reveal Risks for Students and Universities

In a new paper, we analyzed hundreds of contracts between colleges and online program managers. What our analysis revealed about the risks OPMs might pose to students and the powers schools are handing over to private contractors is concerning.

The student-loan crisis is facing a shake-up — and lawmakers are worried Biden’s Education Department isn’t ready to handle it

"...recent analysis from the advocacy group Student Borrower Protection Center found that while 9 million public servants were eligible for student-loan forgiveness, only 2% of them had gotten their debt wiped out since November 2020 — and fewer than 15% had filed paperwork to track their PSLF progress."

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