Press Releases

Press Releases

Apr 9, 2026

ICYMI: Little Hoover Commission Convenes Historic Hearing on California Institutional Debt Crisis Locking Students Out of a Higher Education

Bipartisan, independent citizens-legislative commissioners express grave concerns over lack of transparency, accountability, and consumer protections in underregulated institutional debt crisis.

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Press Releases

Mar 31, 2026

New Study Warns That 40% of Americans—Including Nearly Two-Thirds of Pell Grant Recipients—Cannot Qualify for a Traditional Private Student Loan

A study published by Protect Borrowers and The Century Foundation warns that more than 40% of U.S. college students—including nearly two thirds of Pell Grant recipients—would not qualify for a traditional private student loan.

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Press Releases

Mar 26, 2026

Little Hoover Commission Convenes Historic Hearing on Institutional Debt Crisis Across California

Experts testified before the Little Hoover Commission’s hearing entitled, “Student Debt to California Colleges and Universities.” The historic hearing marks the first time the Commission is investigating the growth of institutional debt and exploring potential policy solutions to better protect students across California.

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Press Releases

Mar 23, 2026

Hearing Advisory: Little Hoover Commission to Hold First Ever Hearing on Institutional Debt Crisis Across California, Experts to Testify

Advisory for Thursday, March 26, 2026 SACRAMENTO, CA — On Thursday at 9:30 AM PT, students, borrower advocates, and academic experts will provide testimony before the Little Hoover Commission’s hearing entitled, “Student Institutional Debt in California.” The historic hearing marks the first time the independent citizens-legislative commission is investigating the growth of institutional debt—debt owed […]

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Press Releases

Mar 19, 2026

ED Plan to Unlawfully Transfer Student Loan System, Starting with Default Collections, to Treasury is Irresponsible, Reckless, and Bad News for Borrowers

This move will cause even more confusion about a student loan system that has been fraught with unprecedented disruptions and instability.

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Press Releases

Mar 17, 2026

NEW ANALYSIS: More Than Half of Credit Cardholders Are Carrying Debt Month-to-Month at Crushing Interest Rates As Trump’s Affordability Crisis Worsens

A report from The Century Foundation and Protect Borrowers reveals that 111 million Americans are getting crushed by credit card bills with sky-high interest rates.

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Press Releases

Mar 13, 2026

Amidst Unprecedented Disruptions and Chaos Within Student Loan System, Government Watchdog Report Sheds Light on How Mass Layoffs Put Borrowers At Greater Risk of Servicer Errors

GAO report shows ED layoffs resulted in scaled back oversight of student loan servicers, increasing risks of servicing errors, less servicer accountability.

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Press Releases

Mar 12, 2026

Following Reports of “Bilt Card 2.0” Meltdown, Advocates Call on the Trump CFPB to Protect Borrowers, Warn Congress of Risks to Renters

Bilt’s embrace of agentic AI to provide customer service highlights emerging risks, challenges for enforcement officials as borrowers allege doom-loops, detours, and dead-ends.

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Press Releases

Mar 9, 2026

Right-Wing AGs Win Decision Denying Affordable Student Loan Bills to Millions As Costs Skyrocket

In shocking reversal, Eighth Circuit orders lower court to bless back-room settlement killing SAVE for all.

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Press Releases

Mar 4, 2026

New Poll: Nearly Two-Thirds of Americans Prioritize Lower Credit Card Interest Rates Over Perks and Easy Approval

Even if Trump Did Manage to Deliver on a Credit Card Interest Rate Cap, 80% of Voters Say He Would Need to Do More to Show He’s Serious About Lowering Costs March 4, 2026 | WASHINGTON, D.C. — Today, as Trump’s policies continue to increase costs, Groundwork Collaborative and Protect Borrowers released a new Data […]

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