Press Releases

Today, President Biden announced an extension of the pause on student loan payments, interest charges, and debt collection in response to new public health and economic data. Tens of millions of student loan borrowers will no longer be expected to make payments until at least May 1, 2022. In the past month, the rapid spread of the Omicron variant has driven new COVID-19 cases to record levels as the dual threats of economic…

Fighting Chance for Families released a new poll revealing that almost half of borrowers expressed no confidence in their ability to make student loan payments should the Biden administration restart payments in February 2022 as planned.

In the past month, the rapid spread of the Omicron variant has driven new COVID-19 cases to record levels as the dual threats of economic instability and historic inflation batter American families this holiday season. Yet, as recently as last weekend, senior Biden Administration officials had reaffirmed the administration’s intention to resume student loan payments for tens of millions of people, in spite of mounting evidence that such a decision would be catastrophic…

The SBPC, as part of the Student Loan Law Initiative, released a report, Revisiting Debt Relief, featuring contributions from leading student loan experts scoring the Biden administration’s efforts to deliver student debt relief in its first year.

In light of the planned termination of the student loan payment pause and these new economic data, SBPC Executive Director Mike Pierce released the following statement.

The CFPB announced that it finalized a rule to facilitate the financial services industry’s transition away from LIBOR. In response, SBPC Head of Investigations and Senior Policy Advisor Ben Kaufman issued the following statement.