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Mar 29, 2019

What it means to be a student loan servicer: Guaranty Agency edition

There has been a great deal of misinformation spread through state capitals about a special kind of private sector student loan company known as a “Guaranty Agency.” Industry lobbyists have tried to convince lawmakers that these companies are not performing “student loan servicing” under the definition commonly included in state legislative proposals—a definition modeled on federal regulations. The truth is these are student loan servicers.

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Mar 29, 2019

Accounts Receivable & Withheld Transcripts: The Quiet Higher Ed Crisis That States Could be Tackling

We are used to thinking of the higher education financing crisis through the lens of a singular issue: student loans. But recent court settlements at for-profit colleges have shed light on a less traditional type of student debt: past-due financial accounts, otherwise known as accounts receivable. While defaulted student loans can lead to long-term problems like bad credit and wage garnishment, accounts receivable have a much more immediate effect: a school can decide…

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Blogs

Mar 18, 2019

Not All Student Loans are Non-Dischargeable in Bankruptcy and Creditors Know This

There is a great deal of misinformation surrounding student loans in bankruptcy. Most people believe that anything called a “student loan,” or any debt made to a student, cannot be discharged in bankruptcy. This notion is fundamentally untrue.

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Blogs

Feb 1, 2019

The Predatory Underworld of Companies that Target Veterans for a Buck

By Tariq Habash and Mike Saunders | February 1, 2019 The recent law enforcement crackdown on for-profit colleges is well documented. These schools mislead students by promising a fast track to a brighter future and then loaded students up with mountains of debt for worthless degrees—a form of consumer fraud that stretches back for decades. But […]

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Blogs

Jan 10, 2019

Lawyers and Student Debt

Readers of this blog will not be surprised at the sheer number of Americans who are burdened by student debt—more than 44 million—or the jaw-dropping aggregate debt load that easily tops $1.4 trillion dollars. Nor will readers be surprised that borrowers are struggling under the weight of that debt. What might be surprising, however, is that borrowers do not see their student loan problems as legal problems.

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Blogs

Jan 2, 2019

Demanding Justice in the Bluegrass State

Student Borrower Protection Center partnered with the Kentucky Equal Justice Center (KEJC) to support Attorney General Beshear’s fight to protect student loan borrowers.

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Blogs

Dec 13, 2018

Why is the Department of Education Dragging its Feet on Debt Relief for Disabled Veterans?

Hundreds of thousands of student borrowers, including 42,000 veterans, qualify to have their student loans cancelled because of a total and permanent disability (TPD). Yet few eligible borrowers take advantage of this benefit, in part because they have to actually ask for it. The Department of Education (ED) knows who these disabled borrowers are and could automatically discharge their loans today, but it has refused to do so even in the face of…

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Blogs

Nov 30, 2018

A New Foundation of Scholarship to Protect Borrowers

This week, we announced a new partnership between the University of California, Irvine School of Law and SBPC. Our project, the Student Loan Law Initiative, is a first-of-its kind collaboration between scholars and advocates to bring an end to the student debt crisis by creating a new foundation of legal scholarship that works for borrowers.

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Blogs

Nov 28, 2018

It’s Time to Fight Back

In the three minutes it takes you to read this blog, another six student loan borrowers will needlessly default on a student loan. These defaults will destroy their credit and jeopardize their financial future. It may even cost them their job.

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