Latest Work
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Deep Dive: The Hidden Costs of Delinquency: Subprime Credit, Predatory Loans, and Debt Traps
Recent data shows that one student loan in delinquency can make borrowers of every credit tier subprime, which can cause their interest rates for lines of credit to more than double, making it substantially more difficult—if not impossible in some cases—to buy a home or car, open a credit card, rent an apartment, and more.
More
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Statewide Fact Sheets: Students and Families Under Threat as Congress Advances Reconciliation Bill Slashing Critical Higher Education Funding
The data underscore how default has disastrous consequences for borrowers and their families. For many, default is a lifetime sentence, and America’s most vulnerable communities—older, low-income, borrowers with disabilities, and Black borrowers—are disproportionately impacted.
More
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Preliminary Economic Analysis of Senate Proposal on Student Loan Repayment
Read SBPC’s letter to Chairman Cassidy and Ranking Member Sanders detailing that the Senate reconciliation proposal will cost borrowers hundreds of dollars per month, or thousands of dollars per year.
More
Latest Work
-
Deep Dive: The Hidden Costs of Delinquency: Subprime Credit, Predatory Loans, and Debt Traps
Recent data shows that one student loan in delinquency can make borrowers of every credit tier subprime, which can cause their interest rates for lines of credit to more than double, making it substantially more difficult—if not impossible in some cases—to buy a home or car, open a credit card, rent an apartment, and more.
More
-
Statewide Fact Sheets: Students and Families Under Threat as Congress Advances Reconciliation Bill Slashing Critical Higher Education Funding
The data underscore how default has disastrous consequences for borrowers and their families. For many, default is a lifetime sentence, and America’s most vulnerable communities—older, low-income, borrowers with disabilities, and Black borrowers—are disproportionately impacted.
More
-
Preliminary Economic Analysis of Senate Proposal on Student Loan Repayment
Read SBPC’s letter to Chairman Cassidy and Ranking Member Sanders detailing that the Senate reconciliation proposal will cost borrowers hundreds of dollars per month, or thousands of dollars per year.
More
Latest Work
-
Deep Dive: The Hidden Costs of Delinquency: Subprime Credit, Predatory Loans, and Debt Traps
Recent data shows that one student loan in delinquency can make borrowers of every credit tier subprime, which can cause their interest rates for lines of credit to more than double, making it substantially more difficult—if not impossible in some cases—to buy a home or car, open a credit card, rent an apartment, and more.
More
-
Statewide Fact Sheets: Students and Families Under Threat as Congress Advances Reconciliation Bill Slashing Critical Higher Education Funding
The data underscore how default has disastrous consequences for borrowers and their families. For many, default is a lifetime sentence, and America’s most vulnerable communities—older, low-income, borrowers with disabilities, and Black borrowers—are disproportionately impacted.
More
-
Preliminary Economic Analysis of Senate Proposal on Student Loan Repayment
Read SBPC’s letter to Chairman Cassidy and Ranking Member Sanders detailing that the Senate reconciliation proposal will cost borrowers hundreds of dollars per month, or thousands of dollars per year.
More
Latest Work
-
Deep Dive: The Hidden Costs of Delinquency: Subprime Credit, Predatory Loans, and Debt Traps
Recent data shows that one student loan in delinquency can make borrowers of every credit tier subprime, which can cause their interest rates for lines of credit to more than double, making it substantially more difficult—if not impossible in some cases—to buy a home or car, open a credit card, rent an apartment, and more.
More
-
Statewide Fact Sheets: Students and Families Under Threat as Congress Advances Reconciliation Bill Slashing Critical Higher Education Funding
The data underscore how default has disastrous consequences for borrowers and their families. For many, default is a lifetime sentence, and America’s most vulnerable communities—older, low-income, borrowers with disabilities, and Black borrowers—are disproportionately impacted.
More
-
Preliminary Economic Analysis of Senate Proposal on Student Loan Repayment
Read SBPC’s letter to Chairman Cassidy and Ranking Member Sanders detailing that the Senate reconciliation proposal will cost borrowers hundreds of dollars per month, or thousands of dollars per year.
More
Latest Work
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Beyond Fresh Start: Addressing the Flaws of the Current Student Loan Collection System
The Student Borrower Protection Center’s paper series on the flaws of the current system of student loan default and collections in the U.S.
More
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Trapped at Work: How Big Business Uses Student Debt to Restrict Worker Mobility
The investigation reveals that “Training Repayment Agreement Provisions” (TRAPs) have become more prominent in use by major employers as a tool to trap people in poor working environments and low-paying jobs.
More
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Collection At All Costs: Examining the Intersection of Mass Incarceration and the Student Debt Crisis
This report documents the findings of a joint SBPC-NCLC investigation indicating that servicing issues and aspects inherent to incarceration lead to huge financial problems for incarcerated borrowers.
More
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130+ Groups Send Letter to White House Calling for Extension and Expansion of Public Service Loan Forgiveness and Income-Driven Repayment Student Debt Relief Programs
A coalition of 134 diverse advocacy organizations urge Biden to extend and expand the PSLF Waiver and IDR Adjustment programs.
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State-Based Student Loan Ombudsmen
Check out our list of state-based Student Loan Ombudspersons and Student Loan Advocates to see their name and contact information.
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Borrower Voices on the Incomplete Promise of Relief through IDR: FFEL Borrowers and Forbearance Steering
This memo examines how the U.S. Department of Education’s efforts to remedy the failures of Income-Driven Repayment (IDR) could and should ensure that Federal Family Education Loan (FFEL) borrowers get the full benefit of the adjustment.
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Advocates Call on the CFPB to Protect Borrowers from Predatory Practices by OPMs
In a letter to the CFPB, the SBPC and Dr. Stephanie Hall of The Century Foundation call on the CFPB to protect borrowers from predatory practices by OPMs. A recent GAO report revealed that ED is failing to supervise the market.
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550+ Organizations Tell President Biden to Cancel Student Debt Immediately
552 community, civil rights, education, climate, health, consumer, labor, professional, food and farm, and student advocacy organizations urge the Biden Administration to immediately cancel student loan debt via executive action.
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Testimony of Mike Pierce Before the Senate Banking, Housing, and Urban Affairs Committee
See here to read Mike Pierce’s May 5, 2022, testimony.
More