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  1. Media & Events
  2. Press Releases

Press Releases


  • Press Releases
    Apr 16, 2024

    Incarcerated Borrowers Finally Able to Consolidate Student Loans Following 32-Year Ban

    Biden Administration announces revised guidance, overturning a 32-year-old policy prohibiting incarcerated student loan borrowers from consolidating their student loans.

    More


  • Press Releases
    Apr 16, 2024

    Biden Administration Announces Public Comment Period for Proposed “Plan B” Debt Relief Plan, Marking Critical Step Forward Toward Sweeping Relief

    Proposal addressing hardship posed by student debt is expected to follow.

    More


  • Press Releases
    Apr 9, 2024

    Senate Hearing Sets Stage for Long-Awaited Oversight and Accountability of Student Loan Servicing Giant MOHELA for Failing Borrowers

    Student loan expert and borrower advocate Persis Yu will offer testimony; MOHELA CEO Scott Giles declines to publicly testify.

    More


  • Press Releases
    Apr 8, 2024

    President Biden to Take Major Step Towards Plan B Debt Relief for 30 Million Borrowers

    Today, President Biden offered his Administration’s first detailed overview of the sweeping student debt relief package that the U.S. Department of Education will unveil in the coming months.

    More


  • Press Releases
    Apr 2, 2024

    Advocates Sound Alarm: Online Ed-Tech Giant’s Looming Collapse Spells Disaster for its Student Loan Borrowers

    Today, SBPC and partners sent an urgent letter to the CFPB and the Department of Education warning about the potential collapse of ed tech giant 2U, inc.

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  • 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

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