Media

We released a report revealing extensive evidence that the financial technology student lender Stride Funding, may be violating federal fair lending law, illustrating the deep fair lending risks inherent to Income Share Agreements.

The SBPC and the NAACP LDF today sent a demand letter to Stride Funding, LLC raising concerns that the company’s lending model may violate federal fair lending law by penalizing student borrowers for attending HBCUs and other minority-serving institutions.

Student loan debt relief scams aren’t new. In fact, consumer advocates say they were actually declining thanks to a 2017 operation launched by the Federal Trade Commission, which brought actions on 36 companies that had collected over $95 million in illegal fees. So, why are they rising again? Bonnie Latreille,...

On April 30, 2020, Student Defense and NCLC, with the support of the SBPC, filed a class action lawsuit against the Department of Education and then-Secretary Betsy DeVos, demanding an immediate halt to ED's garnishment of student borrowers’ wages, which the CARES Act had prohibited since March 27, 2020.

Nationwide, 6.6 million students can’t obtain their transcripts from public and private colleges and universities for having unpaid bills as low as $25 or less, the higher education consulting firm Ithaka S+R estimates. The policy prevents students from being able to take their credits with them if they transfer, and...

With millions of newly unemployed Americans desperate for help, unscrupulous schools and lenders are pouncing. Without substantial, immediate, and sustained action, tens of billions of dollars will flow to predatory programs that will harm borrowers, their communities, and our country for decades to come—just like in the last recession.

Six million federal student loan borrowers can’t benefit from the current payment pause — one that could give most people with debt 19 months of relief if it isn’t extended past Oct. 1. These unlucky borrowers have commercially held Federal Family Education Loan Program debt or Perkins loans held by...

A decade after the law was passed, she has held up her end of the deal yet remains saddled with debt she should not have to repay. While she is thrilled that students are returning to her classroom this month, her $500-a-month student loan bill that should have stopped coming...

A new report shows that in the history of income-driven repayment plans, only 32 people have ever received student loan cancellation. That’s not a typo. Literally 32 people. According to the latest student loan debt statistics.

Two million federal student-loan borrowers have been repaying their debt for at least 20 years. That’s one takeaway from an analysis of student-loan borrower data published by the National Consumer Law Center and the Student Borrower Protection Center this week.