November 23, 2020 Advocates Release Roadmap for the Biden Administration to Fix Broken Programs for Servicemembers, Teachers, Defrauded Students, & Other Vulnerable Borrowers Denied Promised Student Debt Relief The SBPC and Dēmos released a new report featuring contributions from leading student loan experts and advocates outlining how the Biden administration can take immediate action to cancel student debt for millions of Americans. Learn More
Rebecca Maurer | November 18, 2020 UC Irvine Law Review Publishes Foundational Research to Address the Student Debt Crisis SLLI is proud to join the UC Irvine Law Review in announcing the publication of the journal’s latest edition dedicated exclusively to exploring the intersection of student debt, consumer protection, and the law. Learn More
November 13, 2020 The ‘Broken’ Public Service Student Loan Forgiveness System is Particularly Brutal for Military Veterans A new investigation by the Student Borrower Protection Center found that members of the military are facing several obstacles when it comes to getting student loan forgiveness. Learn More
Mike Saunders and Seth Frotman | November 11, 2020 Why Are So Many of Our Military Members Missing Out on Student Loan Forgiveness? Military borrowers face obstacles in trying to satisfy each of the requirements of the PSLF program, including having the right type of loan, the right type of employment, the right repayment plan, and the right number of payments. Learn More
November 11, 2020 A Sobering Figure for Veteran’s Day: 200,000 Service Members Owe Nearly $3 Billion in Student Loans Roughly 200,000 service members owe nearly $3 billion in student loans and yet, just 17,534 have officially begun the process of having their loans discharged under the Public Service Loan Forgiveness program. Learn More
Ben Kaufman | November 2, 2020 New Data Show Borrowers of Color and Low-Income Borrowers are Missing Out on Key Protections, Raising Significant Fair Lending Concerns Our latest analysis finds racial and socioeconomic disparities in which borrowers are able to access one of the most critical protections available to all borrowers struggling with federal student loans: income-driven repayment. Learn More
Ben Kaufman | October 26, 2020 Student Debt: Bad for your Wallet, Bad for your Health A growing body of evidence is suggesting that student debt could be detrimental not only to borrowers’ financial health, but also to their physical wellbeing. Learn More
Mike Pierce | October 22, 2020 Milestones in the Fight to Protect California Borrowers Last month, California lawmakers took decisive action to protect borrowers by passing a Student Loan Borrower Bill of Rights. For the nearly four million student loan borrowers in the state, the new protections and rights provided by AB 376 are desperately needed. Learn More
Benjamin Roesch and Ben Kaufman | October 21, 2020 The CFPB Must Investigate Climb Credit and Protect Borrowers Across the Dangerous, High-Cost Shadow Student Debt Market The SBPC has uncovered additional evidence of troubling practices and possible borrower harm by Climb Credit, a specialty lender that offers loans students can use to finance attendance at job training programs ranging from coding bootcamps to teacher training courses. Learn More
October 19, 2020 Testimony of Katherine Welbeck Before the Boston City Council Testimony on the importance of cities taking action to understand how student debt is affecting communities of color and the value of gathering this information to support borrowers. Learn More