Media & Events
Fighting Chance for Families released a new poll revealing that almost half of borrowers expressed no confidence in their ability to make student loan payments should the Biden administration restart payments in February 2022 as planned.
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In the past month, the rapid spread of the Omicron variant has driven new COVID-19 cases to record levels as the dual threats of economic instability and historic inflation batter American families this holiday season. Yet, as recently as last weekend, senior Biden Administration officials had reaffirmed the administration’s intention to resume student loan payments for tens of millions of people, in spite of mounting evidence that such a decision would be catastrophic…
California has long been a leader in student borrower protection. A new memo outlines how policymakers and law enforcement in the Golden State can protect borrowers from predatory income share agreements.
The upheaval of the past two years may mean your personal circumstances and financial life look entirely different today. If you’re anxious about making payments again, you’ve got plenty of options — but a limited window to thoroughly evaluate them.
Two former students, with the support of the SBPC, filed lawsuits against a predatory online bootcamp scheme and a nationwide provider of ISAs, alleging widespread deceptive practices, illegal lending, and unlawful collection of student loans.
With daily news headlines focusing on the status and future of federal student loans — including recent announcements that hundreds of thousands of borrowers will have their debts wiped out — don’t feel alone if you’re confused as to whether what you’re hearing when you’re offered help with your loans is legitimate.
The former students allege they were misled to think they were applying for jobs and misled on the terms of the ISAs in order to join a 10-week online tech sales bootcamp for “sales development representatives.” But the lawsuits allege that the students did not learn much while being tracked into entry-level jobs that didn’t need training — and then faced harassment to pay back high debts
In recent days, the White House has drawn widespread blowback as advocates and progressives implore the administration to push back, or forego entirely, a February date to lift a pandemic forbearance on student loan payments.
The SBPC, as part of the Student Loan Law Initiative, released a report, Revisiting Debt Relief, featuring contributions from leading student loan experts scoring the Biden administration’s efforts to deliver student debt relief in its first year.
In light of the planned termination of the student loan payment pause and these new economic data, SBPC Executive Director Mike Pierce released the following statement.