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The private student loan market—which is now larger than the payday loan market and the balance of outstanding past-due medical debt—is a unique locus for borrower harm. In particular, Black, brown, and older borrowers, and other historically-marginalized groups suffer more and more every day due to the lack of consumer...

This event examined the risks posed by Training Repayment Agreement Provisions (TRAPs) and other employer-driven debt on workers and the economy.

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Join a set of virtual panels examining the different categories of borrowers and the harm—both legal and financial—that they will face when servicers begin collecting on student loans that should no longer exist.

Advocates and experts predict chaos for students, colleges, and the economy should the high Court defang the federal consumer watchdog.

New bills in Louisiana would ensure borrowers have protections against rampant predatory loan servicing and would require private student loan companies to report to state financial regulator.

Today, the SBPC, CRL, and NCLC released a whitepaper outlining why must act now, before the payment pause ends, to provide relief for the millions of federal student loan borrowers who have never seen the promise of income-driven repayment forgiveness.

In response to this announcement, SBPC Executive Director and former top student loan industry watchdog at the Consumer Financial Protection Bureau Seth Frotman released the following statement.

While the federal government continues to pause the collection of defaulted student loans during the coronavirus pandemic, private companies that initially followed suit are back in court.