Press

A report issued this week by student loan experts and advocates entitled, “Delivering on Debt Relief,” argues that the approaches — administrative action or legislation — are not mutually exclusive and will depend on the circumstances and the specific debt relief programs the Biden administration will try to reform.

The SBPC and Dēmos released a new report featuring contributions from leading student loan experts and advocates outlining how the Biden administration can take immediate action to cancel student debt for millions of Americans.

A new investigation by the Student Borrower Protection Center found that members of the military are facing several obstacles when it comes to getting student loan forgiveness.

Roughly 200,000 service members owe nearly $3 billion in student loans and yet, just 17,534 have officially begun the process of having their loans discharged under the Public Service Loan Forgiveness program.

Testimony on the importance of cities taking action to understand how student debt is affecting communities of color and the value of gathering this information to support borrowers.

The report identifies over five million new ACS servicing errors that contributed significantly to the PSLF program’s failures and derailed promised loan forgiveness for hundreds of thousands of borrowers. These failures continue to plague public service workers seeking access to loan forgiveness today.

Thank you for the opportunity to testify in favor of A.4407, which prevents state resources from flowing to schools and training programs that require students to consent to arbitration and waive other rights prior to a dispute arising.

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.

Following approval by the California State Assembly, the Student Borrower Bill of Rights is being sent to Governor Gavin Newsom.

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.