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Press Releases

House Majority Proposes a “Permanent Student Debt Crisis,” Driving Borrowers Far Deeper Into Debt and Stripping Relief from Tens of Millions of Workers and Families

Fake outrage over the debt limit spurred House leadership to release a cruel, unjust, and irresponsible vision for how Americans pay for college, blocking all future Administrations from cancelling debt or fixing broken programs.

“Unconscionable” Debt-for-Training Scheme Funnels Low-Wage Tech Workers to Fortune 500 Companies; Groundbreaking Class-Action Lawsuit Seeks to Void Predatory Training Repayment Agreement Provisions

Tech Training Bootcamp Smoothstack Engineered Modern-Day Indentured Servitude, Using TRAPs to Let Public Companies Like Accenture, Verizon, and CapitalOne Exploit IT Workers April 14, 2023 | WASHINGTON, D.C. — Last night, a former employee filed a class-action lawsuit against a tech-training and employee-staffing agency, Smoothstack, Inc. (Smoothstack). This new lawsuit...

New Research Finds Majority-Black Neighborhoods in the Center of Atlanta’s Growing Student Debt Crisis

As Millions Await Decisions on Political Lawsuits and Efforts in Congress Threatening the Fate of Debt Relief, Student Borrower Protection Center Launches “Student Debt in the South” Research Series April 13, 2023 | WASHINGTON, D.C. — Student Borrower Protection Center published new research today offering the first in-depth look at...

CALIFORNIA: Assemblymember Pacheco Joins Coalition to Unveil the “Protecting Students from Creditor Colleges Act” on Institutional Debt

State bill is aimed at protecting students from so-called “institutional debt,” or the educational barriers and harmful debt collection practices related to debts students owe directly to schools.

FDIC and CFPB Must Take Immediate Action to Halt SoFi’s Latest Lawbreaking Effort to Prey on Customers and Exploit the Banking Crisis

SBPC Provides Federal Regulators With Evidence of New SoFi Scheme to Sell Fake Financial Product Using FDIC’s Likeness March 22, 2023 | WASHINGTON, D.C. — Moments ago, the Student Borrower Protection Center (SBPC) sent a letter to the Federal Deposit Insurance Corporation (FDIC) and Consumer Financial Protection Bureau (CFPB) demanding...

Advocates Commend U.S. Labor Department for Taking Action to Protect Workers from Predatory Employer-Driven Debt

The U.S. Department of Labor filed its first-ever lawsuit against a company for allegedly using a “stay-or-pay” contract that required employees to pay the employer if they leave their job before the end of a contract.

New Investigation Exposes Years-Long Scheme by Private College and Failed Coding Bootcamp to Dupe Regulators and Push Predatory Loans on Low-Income Students

The SBPC released a new report exposing a back-room deal between the failed for-profit coding bootcamp Make School and the nonprofit college Dominican University that aimed to mislead accreditors, state regulators, and prospective students while getting Make School access to federal student aid dollars.

CFPB Moves to Quash Decades-Long Industry Scheme to Rob Borrowers of Bankruptcy Rights

CFPB releases bulletin demanding student loan servicers halt and return unlawful debt collection on loans discharged through bankruptcy.

Failing Private Student Lender Sues Biden Administration to Force Student Loan Bills for Tens of Millions

Amici curiae to nation’s highest court: student debt relief is lawful and urgently needed to address the effects of the COVID-19 pandemic.

February 28, 2023

Borrowers and Advocates from Across the Country Gather in Front of the U.S. Supreme Court to Demand Right to Student Debt Relief

Amici curiae to nation’s highest court: student debt relief is lawful and urgently needed to address the effects of the COVID-19 pandemic.

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