September 17, 2020 Statement from Seth Frotman, SBPC Executive Director and former CFPB Student Loan Ombudsman, on Senate Resolution Calling for Administrative Action to Cancel Student Debt to Stimulate the Economy SBPC Executive Diretor Seth Frotman released the following statement on a senate resolution calling on the President to use existing authority under the Higher Education Act to provide broad-based debt cancellation to tens of millions of student loan borrowers. Learn More
August 31, 2020 California Borrower Advocates Call on Governor Newsom to Sign the Student Borrower Bill of Rights Into Law Following approval by the California State Assembly, the Student Borrower Bill of Rights is being sent to Governor Gavin Newsom. Learn More
The Student Borrower Protection Center | August 28, 2020 Relief Denied: Surveying Breakdowns in Pandemic Relief for Student Loan Borrowers We want to better understand the pain points student loan borrowers are facing when navigating their finances amid the coronavirus pandemic. That is why we are encouraging borrowers to share their stories by participating in our new survey aimed at identifying where these widespread errors and breakdowns are occurring in... Learn More
August 27, 2020 50 Organizations Call For Student Loan “Bill Of Rights” “Even before the current COVID-19 pandemic, student loan borrowers struggled with a predatory student loan servicing industry that knowingly misleads borrowers to increase its profits,” the coalition of organizations wrote in a letter to the Massachusetts state legislature. “With the increased financial instability brought by the present pandemic-induced economic crisis,... Learn More
August 21, 2020 PayPal’s Partnerships With Over 150 For-Profit Schools Drive Students to Take on High-Cost Education Debt, Advocates Warn An SBPC investigation found that PayPal Credit, a high-cost, digital credit product, is offered by over 150 for-profit schools as a means for students to finance tuition. Learn More
August 18, 2020 Advocacy Groups Call on California Lawmakers to Pass the Student Borrower Bill of Rights More than 70 supporters, 57 state and national civil rights, higher education, and consumer advocacy organizations sent a letter to California Senators, urging passage of the Student Borrower Bill of Rights (AB 376, Stone). Learn More
The Student Borrower Protection Center | August 17, 2020 New Department of Education Data Uncovered by Senator Murray Reveals How the Promise of Public Service Loan Forgiveness is Being Broken in Every State Thanks to new evidence obtained by U.S. Senator Patty Murray, we are finally beginning to understand in detail how many people across the country are being denied PSLF. Learn More
August 14, 2020 Civil Rights and Advocacy Groups Call on California Lawmakers to Pass the Student Borrower Bill of Rights 23 state and national civil rights and advocacy organizations sent letters to California Senate leadership, urging them to pass the Student Borrower Bill of Rights. Learn More
August 13, 2020 Amid Lawsuit, DeVos Contradicts Kraninger on Oversight of Federal Student Loan Servicers Education Secretary Betsy DeVos’ recent response to a Senate Appropriations Subcommittee reveals that, contrary to the CFPB’s claims to Congress and a federal court, the CFPB and Department of Education are not currently conducting joint examinations of large federal student loan servicers. Learn More
August 12, 2020 AFT and SBPC Uncover New Evidence of Mismanagement and Abuse in Scandal-Plagued Public Service Loan Forgiveness Program AFT and the SBPC released an investigative report exposing new instances of mismanagement and abuse in the scandal-plagued Public Service Loan Forgiveness program. Learn More