Media Press Releases Page 26

Press Releases

Nation’s Top Student Loan Watchdog Post Remains Vacant 150 Days After CFPB Director Promised to “Quickly” Fill the Role

Tomorrow marks one hundred fifty days since Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger committed to quickly filling the nation’s top student loan watchdog position—a role that has been vacant for almost a year. As student debt nears $1.6 trillion and predatory practices plague the market, the Student Borrower...

February 14, 2019

Education Department Watchdog Finds Government’s Student Loan Arm Failed to Act as Student Loan Companies Cheated Borrowers

Today, the Inspector General of the U.S. Department of Education released a sweeping audit of the federal government’s flailing effort to police the student loan industry. This new audit finds that the Education Department’s student loan arm, the Office of Federal Student Aid (FSA), failed to oversee all nine student...

January 24, 2019

New Analysis Reveals New Yorkers Suffer Under the Weight of Historic Levels of Student Debt, Empire State Must Take Action to Protect Borrowers

Today, the Student Borrower Protection Center (SBPC) and New Yorkers for Responsible Lending (NYRL) released a new analysis demonstrating the scale of the student debt crisis in New York. This new analysis of government data shows that more than one-in-five New York consumers now owe student loan debt.

January 22, 2019

New Analysis Reveals More than 730,000 Coloradans Suffer Under the Weight of Historic Levels of Student Debt, State Must Take Action to Protect Borrowers

Today, the Student Borrower Protection Center (SBPC) and New Era Colorado released new analysis demonstrating the scale of the student debt crisis in Colorado. A new analysis of government data shows that more than 1-in-4 middle-aged Coloradans now owe student loan debt.

January 16, 2019

With the Explosion of Student Debt Across the Commonwealth, Virginia Must Take Action to Protect Borrowers

Today, the Student Borrower Protection Center (SBPC), Virginia Poverty Law Center (VPLC), Virginia21, and Progress Virginia released new analysis demonstrating the scale of the student debt crisis in Virginia. A new analysis of government data shows that 1-in-6 Virginians now owe student debt. For the first time, more than one...

December 20, 2018

AFT and SBPC Launch Joint Investigation into Mismanagement and Industry Abuses in Federal Public Service Loan Forgiveness Program

The American Federation of Teachers and the Student Borrower Protection Center launched a joint investigation into allegations of rampant mismanagement and industry abuses undermining the federal Public Service Loan Forgiveness (PSLF) program.

December 11, 2018

Student Loan Borrowers Fall Prey to Widespread Industry Abuses, Nationwide Analysis of Consumer Complaints Finds

Today, the Student Borrower Protection Center released a new report documenting widespread abuses across the student loan industry, as described by more than 13,000 student loan borrowers who submitted complaints to the federal Consumer Financial Protection Bureau (CFPB) last year.

November 28, 2018

Former CFPB Student Loan Watchdog Launches New Organization to Protect Student Borrowers

Former CFPB Student Loan Watchdog Launches New Organization to Protect Student Borrowers. Student Borrower Protection Center to Lead Nationwide Effort to End the Student Debt Crisis, Empowering Policymakers and Advocates to Take Action; Announces First Series of Initiatives

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