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A legal quirk is slated to lead millions of students taking on federal student loans over the next year to face billions of dollars of unnecessary added charges throughout repayment.

State authorities in California struck a deal with a fintech firm to treat a controversial finance product known as income-share agreements as student loans, requiring compliance with the state’s student borrower protection laws.

New evidence indicates that employers nationwide are increasingly leveraging shadow student debt to trap workers into unfair contracts and substandard working conditions. In particular, a growing number of industries and employers are using bait-and-switch tactics to force workers to take on loans and debt through nefarious “training repayment agreements."

Despite pushes to address predatory practices—such as the withholding of Title IV federal financial aid—for-profit institutions are continuing to target communities of color through recruitment and location strategies, according to a new Student Borrower Protection Center report.

The Student Borrower Protection Center (SBPC) analyzed where for-profit postsecondary institutions located themselves and found patterns suggesting that for-profit schools target neighborhoods composed mostly of people of color.

. The report plots the location of for-profit schools in cities across the Midwest, showing how these institutions often cluster in certain areas to exploit borrowers of color by offering programs of dubious value financed by expensive and hard to repay student debt. Further, new data analysis reveals that, at...

This week, for the first time ever, the U.S. Department of Education is asking for the public to share their stories about public service and debt forgiveness. Now is the time to call for the government to keep its promise to public service workers.

Today, the U.S. Department of Education launched a public inquiry into the broken Public Service Loan Forgiveness Program. In response, SBPC Executive Director Seth Frotman released the following statement.

Accounts for 8.5 million federal student loan borrowers will have to be transferred to a new servicer in a few short months. Additionally, unless the Biden Administration takes action to extend the payment pause on federal student loans, this large transfer will take place just after payments for tens of...

Those borrowers now have more rights under a law that went into effect this year and gained teeth this month with a new ombudsman’s office empowered to review complaints about student loan providers.