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Assemblymember Blanca Pacheco introduced a bill that would prohibit California schools from withholding degrees or certificates from students if they owe money. “With the current enrollment crisis, it is important that we help students with removing barriers in attaining their higher education goals and understand what else we must do to address the student debt crisis, including institutional debt across California,” said Pacheco. She says more than 750,000 low-income current and past students owe more…

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Mar 21, 2023

When universities slap their names on for-profit coding boot camps

“What you have is trusted brand-name schools, from community colleges to state universities, knowing that they have these valuable brands, and literally renting them out to for-profit companies.”—Ben Kaufman, director of research and investigations at the Student Borrower Protection Center

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Mar 16, 2023

Student-loan companies illegally collecting on debt discharged in bankruptcy, consumer watchdog says

“The CFPB has said very clearly now these loans are not collectable,” said Mike Pierce the executive director of the Student Borrower Protection Center, an advocacy group that’s looked closely at this issue. “You can not collect on them, if you do, you are breaking the law.”

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Mar 7, 2023

Is The Student Loan Pause Now In Jeopardy? New Legal Challenge Seeks To Stop It

Leading advocacy organizations for student loan borrowers had harsh words for SoFi. Criticizing SoFi’s CEO as “a financial vulture gorging himself on our bloated and broken student loan system,” Student Borrower Protection Center’s Executive Director Mike Pierce said in a statement that, “The real story here is the huge risk this poses to tens of millions of working people who SoFi would never lend to—families across the country that depend on the student…

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Mar 7, 2023

SoFi Bank sues to block Biden’s student loan payment pause

Ella Azoulay [Research & Policy Analyst, Student Borrower Protection Center], a 26-year-old who lives in Washington, visited the rally to join the push for debt relief, which she calls a “family issue.” A 2018 graduate of New York University, Azoulay has $40,000 in student debt, while her dad has more than $400,000 taken out on behalf of her and her two siblings. “I can’t really think about my future without thinking about this…

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Millions of student-loan borrowers would be forced into ‘abrupt and unplanned repayment’ if Republicans’ plan to overturn Biden’s debt cancellation gets passed, 261 advocacy groups tell Congress

Advocacy Group Urges U. of California to Do Away With Boot Camps Run by OPMs

Biden’s student loan help would be ‘annihilated’ by GOP bill

New Georgia Project, SBPC talk Black student debt

They recruited IT staffers with the promise of a prestigious career. But there’s a catch — workers had to stay for two years or pay nearly $24,000

California bill aims to help students with institutional debt

When universities slap their names on for-profit coding boot camps

Student-loan companies illegally collecting on debt discharged in bankruptcy, consumer watchdog says

Is The Student Loan Pause Now In Jeopardy? New Legal Challenge Seeks To Stop It

SoFi Bank sues to block Biden’s student loan payment pause

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