Press Releases

Today, the U.S. Department of Education launched a public inquiry into the broken Public Service Loan Forgiveness Program. In response, SBPC Executive Director Seth Frotman released the following statement.

Today, the student loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA), also known as FedLoan Servicing, announced that it would no longer continue to serve as the top loan servicer for the U.S. Department of Education.

A group of 47 former students announced a groundbreaking lawsuit against Make School, Inc., a venture capital-backed operator of a for-profit coding academy, and Vemo Education, Inc., the largest provider of a risky kind of private student loan known as an Income Share Agreement.

The CFPB, as part of its ongoing examination of student loan servicers, identified illegal practices that blocked access to Public Service Loan Forgiveness for public service workers with older federal loans made by banks and other private lenders. In response to this new evidence of widespread mismanagement and abuse in...

More than 125 organizations called on President Biden to fix the broken student loan system and deliver promised student debt relief before tens of millions of borrowers are forced to resume making payments. Due to an executive action taken on inauguration day, student loan payments, interest charges, and debt collection...

Public colleges and universities nationwide are driving students toward expensive, predatory student debt according to a new report issued today by the Student Borrower Protection Center.

Student Borrower Protection Center Executive Director Seth Frotman released the following statement in response to today’s announcement that former CFPB Director Richard Cordray has been chosen to lead the Department of Education’s Office of Federal Student Aid:

SBPC Executive Director Seth Frotman released the following statement in response to today’s Government Accountability Office (GAO) report revealing the failures of Public Service Loan Forgiveness for servicemembers:

97 organizations representing millions of public service workers and student loan borrowers sent a letter to Secretary of Education Cardona calling on ED to conduct an immediate 90 day review of the PSLF program and cancel the student loan debt of all public service workers who have completed ten or...

Today, the SBPC and NCLC released the following statements in response to an announcement by the U.S. Department of Education that it had taken steps to expand protections for over one million student loan borrowers with commercial FFEL program loans in default, while still leaving behind over 5 million commercial...