Press Releases

Press Releases

Mar 17, 2022

New Report: COVID-19 Drove Nearly 750,000 Low-Income Students to Owe $350 million in Debt to California Public Colleges

California Schools Transformed into “Creditor Colleges” During the Pandemic; Low-Income Students Denied Access to Higher Education, May Face Debt Collection and Forfeiture of Government Benefits March 17, 2022 | WASHINGTON, DC — Today, a team of researchers at University of California, Berkeley School of Law, University of California, Irvine School of Law, and University of […]

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Press Releases

Mar 14, 2022

New Investigation Reveals Evidence of Widespread Failure and Abuse by World’s Largest Student Loan Company

The Communications Workers of America and the SBPC released the results of an investigation into the world’s largest student loan company, uncovering new evidence of systemic mismanagement, failure, and abuse.

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Press Releases

Mar 11, 2022

New Poll: Time for Action – Large Majority Backs Pause on Student Loan Payments

SBPC and Data for Progress today released their latest tracking poll demonstrating widespread public support for federal action to protect people with student debt.

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Press Releases

Mar 7, 2022

Advocates Call for Continued Pause on Student Loan Payments Until President Biden Cancels Student Debt and Fixes the Broken Student Loan System

Today, 210 organizations called on President Biden to extend the pause on federal student loan payments for tens of millions of borrowers that is currently set to expire on May 1st.

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Press Releases

Mar 3, 2022

Watchdog Warns Students: Beware Risky New Loans By Tech Lenders for Dubious For-Profit Schools

An SBPC review has identified more than 100 unaccredited and otherwise dubious for-profit schools that market point-of-sale financing such as BNPL credit as a variety of student loan.

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Press Releases

Feb 28, 2022

New Poll: As Joe Biden Addresses the Nation, Voters of Color Overwhelmingly Support Action to Cancel Student Debt, Extend Pause on Student Loan Payments

A new SBPC-Data for Progress poll reveals that more than 6-in-10 likely voters support extending President Biden’s pause on student loan payments, including 70 percent of Black likely voters and 76 percent of Latino and Latina likely voters.

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Press Releases

Feb 14, 2022

New Poll: More than 6-in-10 Voters Want Biden to Cancel Student Debt

SBPC and Data for Progress released a new tracking poll revealing that 63 percent of likely voters support action by the federal government to cancel some or all student debt for all borrowers.

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Press Releases

Feb 10, 2022

New Poll: As Inflation Soars, Large Bipartisan Majority Supports President Biden’s Pause on Student Loan Payments

SBPC and Data for Progress released a new poll revealing that 69 percent of likely voters support President Biden’s continued pause on student loan payments, including majorities of Democrats, Republicans, and Independents.

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Press Releases

Feb 9, 2022

The System is Broken: 100+ Organizations Urge Biden Administration to Aid Millions of Student Loan Borrowers with Overdue Income-Driven Repayment (IDR) Reforms

Today, a group of 104 diverse advocacy organizations, including American Federation of Teachers (AFT), National Education Association (NEA) and UnidosUS, sent a letter to the Biden administration, calling on U.S. Secretary of Education Miguel Cardona to reform broken, dysfunctional income-driven repayment (IDR) programs with the creation of an IDR restoration project or waiver.

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Press Releases

Jan 20, 2022

SBPC Investigation Uncovers Decades-Long Student Loan Industry Scheme to Deprive Millions of Private Student Loan Borrowers of Bankruptcy Rights

Based on a comprehensive review of securities filings, student loan promissory notes, and government data, SBPC estimates that $50 billion in so-called private student loans taken on by more than 2.6 million borrowers, are, in fact, eligible to be discharged in bankruptcy despite representations to the contrary by lenders and loan servicers.

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