Press Releases

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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Press Releases

Jul 21, 2022

130+ Groups Push White House to Extend and Expand Access to Public Service Loan Forgiveness and Income-Driven Repayment Student Debt Relief Programs

134 organizations send a letter to Biden urging immediate action to expand the PSLF Waiver and IDR Adjustment programs—alongside a new analysis indicating the powerful impact of the PSLF Waiver.

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Press Releases

Jun 30, 2022

Advocates Call for Continued Pause on Student Loan Payments As Families Face Record Inflation and Biden Weighs Action to Cancel Student Debt

176 Organizations Representing Students, Workers, People of Color, and Faith Communities Demand: “People with Student Debt Cannot be Required to Make Payments Toward Loans You Promised to Cancel.” June 30, 2022 | WASHINGTON, D.C. — Today, 176 organizations called on President Biden to extend the pause on federal student loan payments for tens of millions […]

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Press Releases

Jun 16, 2022

New Report: Broad Support for Action to Cancel Student Debt Holds Steady Across Party Lines, Older Republican Voters Stand Alone in Opposition

Data for Progress (DfP) and SBPC release both a new report and a tracking poll showing sustained public support for action by Biden to cancel student debt for all borrowers.

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Press Releases

Jun 9, 2022

Consumer Financial Protection Bureau Launches First-Ever Federal Inquiry into Employer-Driven Debt

Today, the Consumer Financial Protection Bureau (CFPB) launched a first-of-its-kind federal inquiry into employers’ growing use of debt as a predatory tool to trap people in abusive jobs and poor working conditions.

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Press Releases

Jun 9, 2022

Statement on Groundbreaking Washington State Lawsuit Against Scam Tech Sales Bootcamp Engaged in Predatory Student Lending Scheme Bootcamp

Yesterday, Washington Attorney General Bob Ferguson filed a lawsuit against the disgraced online tech sales bootcamp Prehired, LLC and its founder, Joshua Jordan, for a startling array of illegal acts and practices.

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Press Releases

Jun 9, 2022

New Analysis: More Than 9 Million Public Service Workers with Federal Student Loans Eligible to Pursue Debt Cancellation, Fewer Than 2 Percent Have Received Relief, and Only 15 Percent On Track

The SBPC released a new estimate that over 9 million public service workers with federal student loans are eligible for debt cancellation through PSLF, and a coalition of labor unions representing more than 7.5 million workers joined with SBPC to launch a national campaign to reach public service workers.

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Press Releases

Jun 3, 2022

Louisiana Legislature Votes by Overwhelming Majority to Pass Package of Student Loan Borrower Protection Bills

New bills in Louisiana would ensure borrowers have protections against rampant predatory loan servicing and would require private student loan companies to report to state financial regulator.

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Press Releases

May 27, 2022

Historic Labor and Civil Rights Coalition of 500+ Organizations Calls on Joe Biden to “Immediately” Cancel Student Debt

Organizations from all 50 states demand executive action on student debt as new tracking poll continues to show likely voters support action by 2:1 margin.

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Press Releases

May 18, 2022

New Poll: Overwhelming, Bipartisan Majorities of Young Voters Want President Biden to Cancel Student Debt for Everyone

SBPC finds that 71 percent of likely voters ages 18-34 support student debt cancellation for all borrowers; 56 percent of Republican younger voters support cancellation; Younger voters with no debt support cancellation by a 3:1 margin.

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