Media Press Releases Page 14

Press Releases

SBPC Uncovers Pervasive Use of Training Repayment Agreement Provisions to TRAP Workers in Low-Paying Jobs Through Student Debt; Launches Campaign to Collect Worker Stories

The SBPC released a new report documenting the widespread and accelerating use of Training Repayment Agreement Provisions as a tool to trap people in poor working environments and low-paying jobs.

PetSmart Traps Low-Wage Pet Groomers in Abusive Training Debts; Groundbreaking Lawsuit Seeks to Block Retail Giant’s Predatory Lending Scheme

Today, a former PetSmart pet groomer filed a groundbreaking class action lawsuit against the retail pet supply giant, alleging that the firm is engaged in a scheme to trap trainee pet groomers in their low-wage jobs by levying thousands of dollars in abusive and unenforceable debts against them.

New Report Finds Incarcerated Federal Student Loan Borrowers Systematically Denied Access to Student Loan Relief

Just after the Department of Education released proposed regulations expanded Pell Grant eligibility for incarcerated students, SBPC and NCLC release a report examining student debt abuses against incarcerated people.

Delaying the Income-Driven Repayment Rule is Further Evidence of a Dysfunctional Student Loan System

In response to the U.S. Department of Education's announcement that it will delay its IDR proposal, SBPC details the impacts on the lowest income student loan borrowers and those experiencing financial hardship from default.

130+ Groups Push White House to Extend and Expand Access to Public Service Loan Forgiveness and Income-Driven Repayment Student Debt Relief Programs

134 organizations send a letter to Biden urging immediate action to expand the PSLF Waiver and IDR Adjustment programs—alongside a new analysis indicating the powerful impact of the PSLF Waiver.

Advocates Call for Continued Pause on Student Loan Payments As Families Face Record Inflation and Biden Weighs Action to Cancel Student Debt

176 Organizations Representing Students, Workers, People of Color, and Faith Communities Demand: “People with Student Debt Cannot be Required to Make Payments Toward Loans You Promised to Cancel.” June 30, 2022 | WASHINGTON, D.C. — Today, 176 organizations called on President Biden to extend the pause on federal student loan...

New Report: Broad Support for Action to Cancel Student Debt Holds Steady Across Party Lines, Older Republican Voters Stand Alone in Opposition

Data for Progress (DfP) and SBPC release both a new report and a tracking poll showing sustained public support for action by Biden to cancel student debt for all borrowers.

Consumer Financial Protection Bureau Launches First-Ever Federal Inquiry into Employer-Driven Debt

Today, the Consumer Financial Protection Bureau (CFPB) launched a first-of-its-kind federal inquiry into employers’ growing use of debt as a predatory tool to trap people in abusive jobs and poor working conditions.

Statement on Groundbreaking Washington State Lawsuit Against Scam Tech Sales Bootcamp Engaged in Predatory Student Lending Scheme Bootcamp

Yesterday, Washington Attorney General Bob Ferguson filed a lawsuit against the disgraced online tech sales bootcamp Prehired, LLC and its founder, Joshua Jordan, for a startling array of illegal acts and practices.

New Analysis: More Than 9 Million Public Service Workers with Federal Student Loans Eligible to Pursue Debt Cancellation, Fewer Than 2 Percent Have Received Relief, and Only 15 Percent On Track

The SBPC released a new estimate that over 9 million public service workers with federal student loans are eligible for debt cancellation through PSLF, and a coalition of labor unions representing more than 7.5 million workers joined with SBPC to launch a national campaign to reach public service workers.

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