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  1. Media & Events
  2. News Clips

News Clips


  • News Clips
    Oct 1, 2021

    Education Dept. to Overhaul the Troubled Public Service Loan Forgiveness Program

    The changes will come in two phases — a long-term renovation to make the program easier to navigate, achieved through the federal process known as rulemaking, and a temporary move using the department’s executive authority to retroactively relax the program’s rules to immediately help thousands of affected borrowers.

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  • News Clips
    Sep 21, 2021

    Thousands of Teachers Rejected for Public Service Loan Forgiveness Program, New Data Shows

    The disclosure suggests further bureaucratic problems with the management of the Public Service Loan Forgiveness program, which has come under fire from Democrats in recent years for rejecting more than 98 percent of all borrowers who applied.

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  • News Clips
    Sep 14, 2021

    The Curious Case of a Chameleon Zombie Coding School

    That promise fell apart over several weeks in July when the entire school seemingly unraveled: Make School was sued for allegedly selling predatory educational financing products to its early students, the school’s accreditation application was denied, financial backers apparently backed out, and students were absorbed by a separate school.

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  • News Clips
    Sep 13, 2021

    Why Some Backers of Student Lending Product Welcome CFPB Crackdown

    ISAs offer tuition money in exchange for some of a student’s future income. While many see the product as a progressive alternative to traditional student loans, consumer advocates say some have avoided regulatory scrutiny by claiming ISAs are not credit.

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  • News Clips
    Sep 10, 2021

    $10 Billion in Student Debt Erased Under Biden, but Calls Grow for More

    While Mr. Biden has so far fended off calls for the kind of blanket debt cancellation that is a top priority of many progressive lawmakers, a parade of relatively modest eligibility and relief enhancements adds up to a significant expansion of support for beleaguered borrowers. And more may be coming: The Education Department said it was planning regulatory changes to programs aimed at helping public servants and those on income-driven repayment plans.

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  • News Clips
    Sep 9, 2021

    Charting Better Maps to Degrees

    After the news broke, the Student Borrower Protection Center wrote to the U.S. Department of Education, calling for it to address “ongoing violations” of laws and regulations related to ISAs, including loan co-branding by colleges with ISA providers.

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  • News Clips
    Sep 9, 2021

    A Student-Loan Forgiveness Program Will Continue to Reject 80% of Public Servants Through 2026, Report Finds

    When analyzing what those projections mean for future enrollment in the program, the report estimated that over 2.2 million borrowers will likely have declared their intent to pursue PSLF by 2026, meaning that only one in eight borrowers will obtain relief by that time.

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  • News Clips
    Sep 9, 2021

    Data Shows Only 20 Percent of Applicants for a Student Loan Forgiveness Program Will Receive Relief by 2026

    There are about 1.3 million people pursuing Public Service Loan Forgiveness, a program that cancels federal student debt after 10 years of on-time payments for people who take public-sector jobs. But just 1 in 5 of those borrowers are on track to secure relief by 2026, according to an analysis released Thursday by the Student Borrower Protection Center.

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  • News Clips
    Sep 8, 2021

    Student Loans: Consumer Regulator Cracks Down on Company Advised by Obama-era Education Department Official

    America’s top consumer finance watchdog is taking action against an alternative education finance provider advised by an Obama-era Education Department official for allegedly misleading students about income-share agreements.

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  • News Clips
    Sep 2, 2021

    Student-Loan Borrowers are Still Having Their Wages Seized, and are Owed $37 Million in Garnished Wages

    That’s one conclusion from Department of Education data published Thursday by the Student Borrower Protection Center. The data, released to the nonprofit advocacy group through a Freedom of Information Act request, also indicate that borrowers are owed more than $37 million in wages seized between March 2020 and June 2021 that the Department had instructed student-loan organizations to refund. 

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