This paper, written for the Consumer Finance Law Quarterly Report by SBPC Civil Rights Counsel Katherine Welbeck, examines the racial disparities that exist in the student loan market, explores the role of student loan servicing in varied borrower outcomes, and lays out the range of legal remedies available to hold...
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The SBPC sent a letter to the CFPB warning of troubling business practices and possible borrower harm by Climb Credit, a specialty lender that provides financing for education and vocational training courses.
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A new report exposes millions of student loan servicing errors in the PSLF program. The investigation found loans owed by at least 1.3 million borrowers — and possibly millions more — had servicing errors due to the mismanagement of student loan servicing company Affiliated Computer Systems.
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This report outlines a series of immediate actions that Washington can take to reverse obstruction by the Trump Administration that has denied justice for tens of millions of student loan borrowers.
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The SBPC and AFT expose new instances of mismanagement and abuse in the Public Service Loan Forgiveness Program.
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This paper surveys state consumer finance and consumer protection laws to examine their application to ISAs.
Learn More This paper examines how the antidiscrimination framework underpinning federal and state fair lending laws apply to Income Share Agreements, with a particular focus on the Equal Credit Opportunity Act
Learn More This paper lays out how ISAs share many characteristics with traditional student loans and how these financial products fall squarely within the consumer financial laws which broadly apply to credit products.
Learn More This report examines the web of predatory schools and financial services firms that drive students to take on risky, high-cost shadow student debt.
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Disparate Debts: How Student Loans Drive Racial Inequality Across Cities This report examines alarming racial disparities in student debt burdens and borrower distress across American cities. The report highlights trends and offers new analysis of recent research by economists and city officials in Washington, D.C., Philadelphia, New York City, and...
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