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  1. Media & Events
  2. Press Releases

Press Releases


  • Press Releases
    Mar 29, 2024

    MOHELA’s “Cease and Desist” Letter Offers New Evidence of Mismanagement, Abuse by the Scandal-Ridden Student Loan Company

    Advocates to MOHELA: “Tuuth is on our side;” AFT and SBPC petition Education Department Inspector General to audit MOHELA’s performance under its federal contracts.

    More


  • Press Releases
    Mar 27, 2024

    LDF, SBPC, and Upstart Announce Final Monitorship Report on AI and Fair Lending

    Independent monitor ends oversight of Upstart network amid impasse and offers guidance for fair lending oversight in financial services; parties warn of risk of AI-driven bias in consumer lending.

    More


  • Press Releases
    Mar 21, 2024

    Cross-Post: Judge Rules That Requiring Workers To Pay For Training Benefiting Employers Violates The Law

    A federal judge denies a motion to dismiss in Fredericks v. Ameriflight, ruling that when employers use TRAPs to try to charge workers for on-the-job training, they may be violating the minimum wage laws. The court also held that the TRAP operated as a “de facto”non-compete by preventing workers from leaving their jobs.

    More


  • Press Releases
    Mar 18, 2024

    After Release of “The MOHELA Papers” Exposé, Senate Announces Hearing

    SBPC applauds Senate Banking Subcommittee; urges policymakers to hold MOHELA executives accountable and make borrowers harmed by the student loan giant whole.

    More


  • Press Releases
    Mar 8, 2024

    SBPC Applauds President Biden for Unprecedented Progress in Cancelling Student Debt; Urges Him to Continue the Effort to Deliver His Promises

    Group calls on Biden to enact “Plan B” debt relief effort swiftly and efficiently.

    More


  • Press Releases
    Feb 28, 2024

    Student Loan Giant Caught Deploying “Call Deflection” Scheme, Jeopardizing Relief for Millions

    Blockbuster investigation uncovers “The MOHELA Papers,” never-before-seen internal records show company plans to deny service as servicing failures affect at least four-in-ten MOHELA customers.

    More


  • Press Releases
    Feb 27, 2024

    Advocates Urge Congress to Pump the Brakes on Workforce Pell Act, Urge Policymakers to Reject Deal That Will Harm Vulnerable Students, Borrowers and Jeopardize PSLF

    Proposal would open up the Pell Grant program to extra-short-term workforce training programs and give the green light to some of the most shady and predatory for-profit schools and OPMs to pad their bottom lines.

    More


  • Press Releases
    Feb 21, 2024

    President Biden Continues to Deliver by Cancelling Student Debt

    Student Borrower Protection Center applauds progress made and urges Administration to continue making student debt cancellation a reality for millions.

    More


  • Press Releases
    Feb 15, 2024

    U.S. Department of Education Releases Proposal to Deliver Student Debt Relief to Borrowers Experiencing Hardship

    Advocates applaud the potential pathway to student debt relief for millions of borrowers and call on President Biden to “finish the job.”

    More


  • Press Releases
    Feb 12, 2024

    Advocates Celebrate First-of-its-Kind Class Action Settlement in Bodor v. Maximus

    This consumer protection lawsuit opens a new front in the fight to demand justice for student loan borrowers.

    More

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