Letter sent on the anniversary of the Supreme Court decision to rip critical student debt relief away from 40 million borrowers; it’s more important than ever to protect student loan borrowers from our corrupt courts.
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Pair of district court rulings, issued minutes apart, throw student loan system into chaos by temporarily blocking major sections of President Biden’s Income-Driven Repayment plan.
The proposal would have opened up the Pell Grant program to extra-short-term workforce training programs—as short as eight weeks long.
As millions await final rules from the Biden Administration on student loan relief, Student Borrower Protection Center continues “Student Debt in the South” research series with a focus on Dallas, Houston and San Antonio.
MOHELA’s reckless business decisions have harmed student loan borrowers at every turn, from blocking public service workers from debt relief to deflecting borrowers’ calls for help.
Read SBPC’s latest press release.
The CFPB action is an important reminder that private student loan borrowers are also plagued by predatory companies seeking to profit at their expense.
Advocates urge administration to build on this progress and provide debt relief to borrowers due to servicing failures.
Cordray helped deliver debt relief to millions of people; Next FSA chief must prioritize consumer protection and hold private contractors accountable.
SBPC and SLLI host a virtual event featuring new research on the impact of student debt relief and borrowers’ experiences with the PSLF program.