November 23, 2020 Advocates Release Roadmap for the Biden Administration to Fix Broken Programs for Servicemembers, Teachers, Defrauded Students, & Other Vulnerable Borrowers Denied Promised Student Debt Relief 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. Learn More
October 13, 2020 New Report Exposes More Than Five Million Student Loan Servicing Errors Hindering Public Service Loan Forgiveness 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. Learn More
September 17, 2020 Statement from Seth Frotman, SBPC Executive Director and former CFPB Student Loan Ombudsman, on Senate Resolution Calling for Administrative Action to Cancel Student Debt to Stimulate the Economy 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. Learn More
August 31, 2020 California Borrower Advocates Call on Governor Newsom to Sign the Student Borrower Bill of Rights Into Law Following approval by the California State Assembly, the Student Borrower Bill of Rights is being sent to Governor Gavin Newsom. Learn More
August 21, 2020 PayPal’s Partnerships With Over 150 For-Profit Schools Drive Students to Take on High-Cost Education Debt, Advocates Warn 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. Learn More
August 18, 2020 Advocacy Groups Call on California Lawmakers to Pass the Student Borrower Bill of Rights More than 70 supporters, 57 state and national civil rights, higher education, and consumer advocacy organizations sent a letter to California Senators, urging passage of the Student Borrower Bill of Rights (AB 376, Stone). Learn More
August 14, 2020 Civil Rights and Advocacy Groups Call on California Lawmakers to Pass the Student Borrower Bill of Rights 23 state and national civil rights and advocacy organizations sent letters to California Senate leadership, urging them to pass the Student Borrower Bill of Rights. Learn More
August 13, 2020 Amid Lawsuit, DeVos Contradicts Kraninger on Oversight of Federal Student Loan Servicers Education Secretary Betsy DeVos’ recent response to a Senate Appropriations Subcommittee reveals that, contrary to the CFPB’s claims to Congress and a federal court, the CFPB and Department of Education are not currently conducting joint examinations of large federal student loan servicers. Learn More
August 12, 2020 AFT and SBPC Uncover New Evidence of Mismanagement and Abuse in Scandal-Plagued Public Service Loan Forgiveness Program AFT and the SBPC released an investigative report exposing new instances of mismanagement and abuse in the scandal-plagued Public Service Loan Forgiveness program. Learn More
August 10, 2020 Statement from SBPC Executive Director on President Trump’s Action on Student Loan Payments and COVID-19 Student Borrower Protection Center Executive Director Seth Frotman released the following statement on President Trump's Memorandum on student loan borrowers and coronavirus relief. Learn More