Media Press Releases Page 4

Press Releases

“A Recipe for Chaos”: Missouri and Kansas Judges Temporarily Halt Borrowers’ Access to Lower Student Loan Payments, Debt Relief

Pair of district court rulings, issued minutes apart, throw student loan system into chaos by temporarily blocking major sections of President Biden’s Income-Driven Repayment plan.

Advocates Cheer as Key House Committee Rejects Amendment That Will Harm Vulnerable Students, Borrowers and Jeopardize PSLF

The proposal would have opened up the Pell Grant program to extra-short-term workforce training programs—as short as eight weeks long.

New Research Finds Substantial Borrower Distress and a Growing Student Loan Crisis Across Cities in Texas

As millions await final rules from the Biden Administration on student loan relief, Student Borrower Protection Center continues “Student Debt in the South” research series with a focus on Dallas, Houston and San Antonio.

ADVISORY: Members of Congress to Join Student Loan Borrowers, Labor and Advocacy Groups in Calling on ED to Fire Student Loan Servicing Giant MOHELA

MOHELA's reckless business decisions have harmed student loan borrowers at every turn, from blocking public service workers from debt relief to deflecting borrowers' calls for help.

As Public Comment Period Closes on President Biden’s “Plan B” Debt Relief Proposal, 22,000+ Borrowers and 200+ Advocacy Groups Voice Support for Bold, Fast, and Automatic Student Debt Cancellation

Read SBPC's latest press release.

Advocates Applaud CFPB For Taking Action Against Private Student Loan Trusts and Servicer Abuses and For Putting Money Back in the Hands of Borrowers

The CFPB action is an important reminder that private student loan borrowers are also plagued by predatory companies seeking to profit at their expense.

Advocates Applaud ED’s Announcement to Protect Borrowers by Removing More than One Million Borrowers from MOHELA After it Admits Its Inability to Properly Service Borrowers After Tripling Loan Volume

Advocates urge administration to build on this progress and provide debt relief to borrowers due to servicing failures.

Advocates React to Departure of Richard Cordray as Head of the Office of Federal Student Aid

Cordray helped deliver debt relief to millions of people; Next FSA chief must prioritize consumer protection and hold private contractors accountable.

Scholars Discuss and Release New Research on the Broad and Transformative Impact of Student Debt Cancellation and Payment Pause on Borrowers’ Lives

SBPC and SLLI host a virtual event featuring new research on the impact of student debt relief and borrowers’ experiences with the PSLF program.

California DFPI Consent Order With MOHELA is Model for State Role in Protecting Student Loan Borrowers from Failing Servicing Companies

Consent order is an affirmation of states authority to supervise the private companies that service student loans.

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