Media Press Releases Page 16

Press Releases

Financial Institutions are Nickel-and-Diming Students into Financial Ruin with Junk Fees

The SBPC and the U.S. PIRG Education Fund submitted comments to the CFPB's request for input on harmful "junk fees," exposing how financial service giants and universities are preying on students.

The System is Still Broken: 115+ Organizations Renew Push for the Biden Administration to Aid Millions of Student Loan Borrowers with Overdue Reforms to Income-Driven Repayment (IDR)

A group of 116 diverse advocacy organizations sent a letter to the Biden Administration calling on U.S. Secretary of Education Miguel Cardona to reform broken, dysfunctional income-driven repayment programs and fulfill the promise of IDR.

New August End Date for Student Loan Payment Pause Puts Pressure on Biden to Move Fast to Cancel Student Debt

The federal student loan payment pause and new "Fresh Start" loan program are an opportunity to fix the broken student loan system.

SBPC Statement on CFPB Action to Halt Student Loan Company Scheme to Deny Debt Relief to Public Service Workers

In response to the CFPB’s announcement of an enforcement action against Edfinancial, SBPC executive director Mike Pierce released the following statement.

New Poll: As Restart of Student Loan Payments Approaches, Vast Majority of Latino Voters Expect Major Shift in Families’ Financial Security

More than 6-in-10 Latino Voters Expect “Major Changes to Saving or Spending” if Payments Resume in Five Weeks; Supermajority of Latino Voters Support Action by President Biden to Extend Payment Pause, Cancel Student Debt

New Report: COVID-19 Drove Nearly 750,000 Low-Income Students to Owe $350 million in Debt to California Public Colleges

California Schools Transformed into “Creditor Colleges” During the Pandemic; Low-Income Students Denied Access to Higher Education, May Face Debt Collection and Forfeiture of Government Benefits March 17, 2022 | WASHINGTON, DC — Today, a team of researchers at University of California, Berkeley School of Law, University of California, Irvine School...

New Investigation Reveals Evidence of Widespread Failure and Abuse by World’s Largest Student Loan Company

The Communications Workers of America and the SBPC released the results of an investigation into the world’s largest student loan company, uncovering new evidence of systemic mismanagement, failure, and abuse.

New Poll: Time for Action – Large Majority Backs Pause on Student Loan Payments

The SBPC and Data for Progress today released their latest tracking poll demonstrating widespread public support for federal action to protect people with student debt.

Advocates Call for Continued Pause on Student Loan Payments Until President Biden Cancels Student Debt and Fixes the Broken Student Loan System

Today, 210 organizations called on President Biden to extend the pause on federal student loan payments for tens of millions of borrowers that is currently set to expire on May 1st.

Watchdog Warns Students: Beware Risky New Loans By Tech Lenders for Dubious For-Profit Schools

An SBPC review has identified more than 100 unaccredited and otherwise dubious for-profit schools that market point-of-sale financing such as BNPL credit as a variety of student loan.

Join our mailing list Stay informed on the fight to protect Americans with student debt

Name*
First Name* Last Name
Email*
Affiliation
State
Zip Code*
Phone
This field is for validation purposes and should be left unchanged.