Press Releases

The SBPC, National Consumer Law Center, Student Debt Crisis Center, and Center for Responsible Lending sent a letter to the largest trade organizations representing student loan lenders and servicers underscoring their legal obligation to faithfully implement the Department of Education's recent fix for income-driven repayment.

Piecemeal remedies are insufficient to address prolific systemic failures.

With new fix to income-driven repayment, Education Department looks to remedy allegations of past mismanagement and industry abuse but fails to help defaulted borrowers who are the most financially vulnerable.

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.

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.

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

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

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

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...

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.