Press Releases

More than 200 organizations called on President Biden to delay restarting federal student loan payments for tens of millions of borrowers in light of the new omicron variant hampering the economy, upcoming loan transfers affecting millions of borrowers, and new data showing  that borrowers are not financially prepared to restart...

The affirmed its authority to supervise large student loan servicers and stated that it “has been and will continue to conduct supervisory examinations” of large student loan servicers.

The SBPC and a coalition of the nation’s largest unions representing millions of public service workers sent letters to large student loan companies demanding immediate action to ensure successful implementation of ED's recent overhaul of PSLF.

Upstart, the NAACP Legal Defense and Educational Fund, and the SBPC today announced the release of the second report from the independent auditor under its groundbreaking agreement to transparently review the fair lending outcomes of Upstart’s model and assess best practices in the use and testing of alternative data in...

On Friday, a court ruled that Maximus Inc., a company that recently became the U.S. Department of Education’s largest student loan contractor, is not above federal consumer protection law and that the case brought by victims of its predatory and illegal debt collections practices may proceed to trial.

The SBPC, a national nonprofit working to end the student debt crisis, announced that SBPC co-founder Mike Pierce will serve as the next executive director of the organization and Persis Yu will join as the SBPC’s new policy director and managing counsel.

The SBPC and NCLC released the following statements in response to press reports that ED is weighing but has not yet taken steps to protect millions of federal student loan borrowers from the harsh consequences of default.

The U.S. Department of Education and American Federation of Teachers announced an historic settlement building on the recently-announced overhaul of the struggling Public Service Loan Forgiveness program. In response to this announcement, Student Borrower Protection Center Executive Director Seth Frotman released the following statement.

The Department of Education announced steps to overhaul the notoriously troubled Public Service Loan Forgiveness program. In response to this announcement, Student Borrower Protection Center Executive Director Seth Frotman released the following statement.

Today, the U.S. Senate voted to confirm current FTC Commissioner Rohit Chopra to be the next Director of the CFPB. In response, SBPC Executive Director Seth Frotman issued the following statement.