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  1. Media & Events
  2. Press Releases

Press Releases


  • 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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  • Press Releases
    May 16, 2022

    With New York’s Transcript Withholding Ban, 1-in-4 Students Across Country Now Protected Against Predatory School Collection Practices

    A map showing a new analysis of indicates major state-level momentum across the country to take action against transcript withholding.

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  • Press Releases
    May 5, 2022

    New Poll: Hours Before Major Hearing, Latest Tracking Poll Shows Significant Federal Action on Student Debt Remains Consistently Popular Among Likely Voters

    As Biden contemplates an imminent decision on student debt relief and the Senate Banking Committee prepares for a major student loan-focused hearing featuring SBPC Executive Director Mike Pierce, SBPC and Data for Progress release the latest in a series of polls tracking the impact of student debt on American families.

    More


  • Press Releases
    May 2, 2022

    Student Loan Industry Failure Could Jeopardize Help for Millions of Low-Income Borrowers

    The SBPC, National Consumer Law Center, Student Debt Crisis Center, and Center for Responsible Lending sent a letter to the largest trade organizations representing student loan lenders and servicers underscoring their legal obligation to faithfully implement the Department of Education’s recent fix for income-driven repayment.

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  • Press Releases
    Apr 20, 2022

    New GAO Report Demonstrates True Fix for Broken Student Loan System is Widespread Cancellation

    Piecemeal remedies are insufficient to address prolific systemic failures.

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  • Press Releases
    Apr 19, 2022

    Education Department Announces Major Effort to Repair Student Loan Safety Net, Deliver Debt Relief for Millions of Low-Income People with Student Debt

    With new fix to income-driven repayment, Education Department looks to remedy allegations of past mismanagement and industry abuse but fails to help defaulted borrowers who are the most financially vulnerable.

    More


  • Press Releases
    Apr 11, 2022

    Financial Institutions are Nickel-and-Diming Students into Financial Ruin with Junk Fees

    The SBPC and the U.S. PIRG Education Fund submitted comments to the CFPB’s request for input on harmful “junk fees,” exposing how financial service giants and universities are preying on students.

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  • Press Releases
    Apr 7, 2022

    The System is Still Broken: 115+ Organizations Renew Push for the Biden Administration to Aid Millions of Student Loan Borrowers with Overdue Reforms to Income-Driven Repayment (IDR)

    A group of 116 diverse advocacy organizations sent a letter to the Biden Administration calling on U.S. Secretary of Education Miguel Cardona to reform broken, dysfunctional income-driven repayment programs and fulfill the promise of IDR.

    More


  • Press Releases
    Apr 6, 2022

    New August End Date for Student Loan Payment Pause Puts Pressure on Biden to Move Fast to Cancel Student Debt

    The federal student loan payment pause and new “Fresh Start” loan program are an opportunity to fix the broken student loan system.

    More


  • Press Releases
    Mar 30, 2022

    SBPC Statement on CFPB Action to Halt Student Loan Company Scheme to Deny Debt Relief to Public Service Workers

    In response to the CFPB’s announcement of an enforcement action against Edfinancial, SBPC executive director Mike Pierce released the following statement.

    More

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