Press Releases

Press Releases

Sep 13, 2022

Department of Education to Automatically Refund Student Loan Payments Made During COVID-19 Payment Pause to Borrowers Eligible and Who Apply for President Biden’s Cancellation

Following President Biden’s historic student debt cancellation announcement, the U.S. Department of Education quietly revealed this week that borrowers who are eligible for debt cancellation and made student loan payments on their loans during the COVID-19 payment pause will automatically receive a refund on any amount of money they paid, up to the amount of cancellation for which they are eligible.

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Press Releases

Aug 24, 2022

In Historic Moment, President Biden Pledges to Cancel Student Debt for Tens of Millions of People

The Biden Administration Takes Unprecedented Action to Protect Borrowers from a Long-Broken, Predatory and Abusive Student Loan System; Half of Student Loan Borrowers May be Debt Free; New SBPC-Data for Progress Poll Shows Broad Public Support for Action.

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Press Releases

Aug 24, 2022

New Poll Shows Continued, Widespread Support for Action to Cancel Student Debt

Just as President Biden announce student debt cancellation plan, new SBPC-Data for Progress poll shows broad public support for action.

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Press Releases

Aug 11, 2022

After Over a Year of Failing to Implement Critical Student Loan Scam Protections, Advocates Urge Education Department to Act

Congress passed the Stop Student Debt Relief Scams Act of 2019 (STOP) to crack down on debt relief scammers while protecting borrowers’ access to legal counsel; ED has failed to fully implement.

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Press Releases

Aug 8, 2022

Attorney General Rob Bonta and Advocates Unveil New Campaign to Help Student Loan Borrowers Receive Public Service Loan Forgiveness

Nearly a million Californians can qualify for Public Service Loan Forgiveness (PSLF), but only 10,000 have received it—the new “California Student Debt Challenge” seeks to distribute key PSLF information to borrowers before the Oct 31, 2022 deadline.

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Press Releases

Aug 2, 2022

SBPC Publishes Collection of Expert Policy Papers and Holds Panel Series on Fixing the Broken Student Loan System: Beyond Fresh Start

Series features Rep. Ayanna Pressley, Under Secretary of Education James Kvaal, and other leading experts highlighting key flaws and fixes to our broken student loan default system.

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Press Releases

Jul 28, 2022

SBPC Uncovers Pervasive Use of Training Repayment Agreement Provisions to TRAP Workers in Low-Paying Jobs Through Student Debt; Launches Campaign to Collect Worker Stories

The SBPC released a new report documenting the widespread and accelerating use of Training Repayment Agreement Provisions as a tool to trap people in poor working environments and low-paying jobs.

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Press Releases

Jul 28, 2022

PetSmart Traps Low-Wage Pet Groomers in Abusive Training Debts; Groundbreaking Lawsuit Seeks to Block Retail Giant’s Predatory Lending Scheme

Today, a former PetSmart pet groomer filed a groundbreaking class action lawsuit against the retail pet supply giant, alleging that the firm is engaged in a scheme to trap trainee pet groomers in their low-wage jobs by levying thousands of dollars in abusive and unenforceable debts against them.

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Press Releases

Jul 27, 2022

New Report Finds Incarcerated Federal Student Loan Borrowers Systematically Denied Access to Student Loan Relief

Just after the Department of Education released proposed regulations expanded Pell Grant eligibility for incarcerated students, SBPC and NCLC release a report examining student debt abuses against incarcerated people.

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Press Releases

Jul 22, 2022

Delaying the Income-Driven Repayment Rule is Further Evidence of a Dysfunctional Student Loan System

In response to the U.S. Department of Education’s announcement that it will delay its IDR proposal, SBPC details the impacts on the lowest income student loan borrowers and those experiencing financial hardship from default.

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