Press

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.

Today, the student loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA), also known as FedLoan Servicing, announced that it would no longer continue to serve as the top loan servicer for the U.S. Department of Education.

A group of 47 former students announced a groundbreaking lawsuit against Make School, Inc., a venture capital-backed operator of a for-profit coding academy, and Vemo Education, Inc., the largest provider of a risky kind of private student loan known as an Income Share Agreement.

More than 125 organizations called on President Biden to fix the broken student loan system and deliver promised student debt relief before tens of millions of borrowers are forced to resume making payments. Due to an executive action taken on inauguration day, student loan payments, interest charges, and debt collection...

Student Borrower Protection Center Executive Director Seth Frotman released the following statement in response to today’s announcement that former CFPB Director Richard Cordray has been chosen to lead the Department of Education’s Office of Federal Student Aid:

SBPC Executive Director Seth Frotman released the following statement in response to today’s Government Accountability Office (GAO) report revealing the failures of Public Service Loan Forgiveness for servicemembers:

97 organizations representing millions of public service workers and student loan borrowers sent a letter to Secretary of Education Cardona calling on ED to conduct an immediate 90 day review of the PSLF program and cancel the student loan debt of all public service workers who have completed ten or...

Today, the SBPC and NCLC released the following statements in response to an announcement by the U.S. Department of Education that it had taken steps to expand protections for over one million student loan borrowers with commercial FFEL program loans in default, while still leaving behind over 5 million commercial...

One year later, organizations representing millions of students, student loan borrowers, workers, veterans, people with disabilities, people of faith, and consumers called on President Biden to keep his promises to student loan borrowers before restarting student loan payments:

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...