Media

Across the state and the nation, private student loans are exacerbating the racial wealth gap, trapping people of color in inescapable cycles of debt. In fact, Black borrowers struggle to pay back private loans at four times the rate of white borrowers. Tackling private student loan debt is an urgent...

With 2.3 million New Yorkers owing nearly $100 billion in student loan debt, legislators in Albany are slated to pursue an aggressive agenda to protect borrowers against predatory student loan companies. To highlight this package of legislation during a time when so many borrowers are in need of more action...

Quinn is among the 42.9 million Americans who had federal student loans as of last year, according to the National Student Loan Data System. Meanwhile, Federal Reserve Board statistics show outstanding student loans overall have swelled to $1.7 trillion, surpassing the nation's auto loans and credit card debt. Seth Frotman,...

In Philadelphia, 25% of adults have student debt and for Black households, the number is even higher. This hour, we look at the student debt crisis, how it contributes to the racial wealth gap, and discuss policy solutions.

So a financing approach known as an income-share agreement, which promises to eliminate unaffordable student debt by tying repayment to income, has obvious appeal. But a new study has found that income share agreements can also mask race-based inequalities.

These direct school-to-student loans have ensnared hundreds of thousands of students at for-profit colleges. When students borrow directly from a college, they aren’t protected by the same government safeguards they would have if they took out federal loans. The colleges can demand payments while students are still in school. They...

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.