Press Releases

The SBPC and Data for Progress released a new poll revealing that 69 percent of likely voters support President Biden’s continued pause on student loan payments, including majorities of Democrats, Republicans, and Independents.

Based on a comprehensive review of securities filings, student loan promissory notes, and government data, SBPC estimates that $50 billion in so-called private student loans taken on by more than 2.6 million borrowers, are, in fact, eligible to be discharged in bankruptcy despite representations to the contrary by lenders and...

Today, 39 states settled lawsuits and investigations against the student loan giant Navient Corporation (Navient) related to allegations of predatory lending and illegal student loan servicing that harmed borrowers nationwide. Per the terms of the settlement, with a bipartisan group of 39 state attorneys general, borrowers will enjoy $1.7 billion...

Today, the SBPC, CRL, and NCLC released a whitepaper outlining why must act now, before the payment pause ends, to provide relief for the millions of federal student loan borrowers who have never seen the promise of income-driven repayment forgiveness.

Today, President Biden announced an extension of the pause on student loan payments, interest charges, and debt collection in response to new public health and economic data. Tens of millions of student loan borrowers will no longer be expected to make payments until at least May 1, 2022. In the...

Fighting Chance for Families released a new poll revealing that almost half of borrowers expressed no confidence in their ability to make student loan payments should the Biden administration restart payments in February 2022 as planned.

In the past month, the rapid spread of the Omicron variant has driven new COVID-19 cases to record levels as the dual threats of economic instability and historic inflation batter American families this holiday season. Yet, as recently as last weekend, senior Biden Administration officials had reaffirmed the administration’s intention...

Two former students, with the support of the SBPC, filed lawsuits against a predatory online bootcamp scheme and a nationwide provider of ISAs, alleging widespread deceptive practices, illegal lending, and unlawful collection of student loans.

The SBPC, as part of the Student Loan Law Initiative, released a report, Revisiting Debt Relief, featuring contributions from leading student loan experts scoring the Biden administration’s efforts to deliver student debt relief in its first year.

In light of the planned termination of the student loan payment pause and these new economic data, SBPC Executive Director Mike Pierce released the following statement.