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  1. Media & Events
  2. Press Releases

Press Releases


  • Press Releases
    Dec 20, 2019

    Student Loan Giant Accused of Cheating Public Service Workers Moves to Block Montana Legal Services Program from Advocating for Low-Income Borrowers’ Rights

    Student loan servicer PHEAA urged the Montana Supreme Court to reject a brief submitted to the court by the Montana Legal Services Association, the National Consumer Law Center, and Student Borrower Protection Center in order to preserve low-income borrowers’ access to justice.

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  • Press Releases
    Dec 11, 2019

    Statement from SBPC Executive Director Seth Frotman on the House Financial Services Committee Passage of Sweeping Student Loan Protections

    H.R. 4545, H.R. 5287, and H.R. 5294 create the protections and increase accountability that the millions of Americans who receive a student loan bill each month deserve.

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  • Press Releases
    Nov 27, 2019

    Trump Administration’s Failure to Protect Student Loan Borrowers Underscores Need to Pass California Borrower Bill of Rights

    Given growing evidence of widespread predatory practices across the student loan industry as federal regulators are charged with failing to to their job of protecting borrowers, the organizations co-sponsoring AB 376, the California Student Borrower Bill of Rights, are doubling down on their call to the state legislature to pass this critical borrower protection legislation.

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  • Press Releases
    Nov 25, 2019

    Student Loan Reform Org Sues Trump Administration Agency Heads For Refusing to Supervise Student Loan Servicers

    Today, Democracy Forward, on behalf of Student Debt Crisis, sued the Trump administration for shirking their legal obligation to supervise large student loan servicers, specifically those servicing federal loans. The suit, filed against Trump-appointed Secretary of Education Betsy DeVos and CFPB Director Kathy Kraninger and their respective agencies, cites efforts by both agencies to shield large student loan servicers from scrutiny.

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  • Press Releases
    Nov 6, 2019

    Student Borrower Protection Center Announces New Hires, Organization Growth

    The Student Borrower Protection Center (SBPC) is announcing the addition of six new team members to support the organization’s work to end the student debt crisis. New staff include: Tamara Cesaretti as Counsel; Rebecca Maurer as Counsel and Program Manager for the Student Loan Law Initiative; Kat Welbeck as Counsel; Moira Vahey as Communications Director; Walter Suskind as Deputy Communications Director; and Ben Kaufman as Research and Policy Analyst.

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  • Press Releases
    Oct 3, 2019

    California Advocates Renew Call to Pass AB 376 to Protect Teachers, Nurses and other California Student Loan Borrowers

    Today, New York Attorney General Tish James sued student loan giant Pennsylvania Higher Education Assistance Agency, also known as PHEAA or FedLoan Servicing, for cheating teachers, nurses and other public service workers out of their right to loan forgiveness. In the face of mounting lawsuits and growing evidence of widespread predatory practices across the student loan industry, the organizations co-sponsoring AB 376, the California Student Borrower Bill of Rights, have renewed their call…

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  • Press Releases
    Sep 18, 2019

    Statement by SBPC Executive Director Seth Frotman on New Evidence Revealing Navient Executives’ Plot to Cheat Borrowers

    Newly unsealed court documents reveal executives at the nation’s largest student loan company orchestrated a predatory scheme to place borrowers in high-cost repayment options to boost corporate profits. Reliance on these high-cost options, known as “forbearances,” resulted in more than $4 billion in unnecessary interest charges passed on to borrowers, according to lawsuits filed by federal and state enforcement officials.

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  • Press Releases
    Aug 19, 2019

    Trump Administration’s Selection of Industry Insider for Nation’s Student Loan Watchdog Heightens Urgency to Pass AB 376 to Protect California Student Loan Borrowers

    Trump Administration’s Selection of Industry Insider for Nation’s Student Loan Watchdog Heightens Urgency to Pass AB 376 to Protect California Student Loan Borrowers Recent Revolving-Door Hire is Further Proof Washington is Failing to Stand up for Borrowers The Trump Administration’s appointment on Friday of a student loan industry executive to serve as the nation’s top […]

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  • Press Releases
    Aug 16, 2019

    Statement from SBPC Executive Director Seth Frotman on Appointment of Industry Executive to Top Student Loan Watchdog Job

    Student Borrower Protection Center Executive Director and former CFPB student loan ombudsman Seth Frotman released the following statement on today’s announcement by the Bureau that student loan industry executive Robert G. Cameron will serve as the Bureau’s student loan ombudsman.

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  • Press Releases
    Aug 14, 2019

    Statement from SBPC Executive Director Seth Frotman on the Congressional Inquiry into Trump Administration Obstruction and Industry Abuses

    Student Borrower Protection Center Executive Director and former CFPB Student Loan Ombudsman Seth Frotman issued a statement on the congressional inquiry announced into the Trump Administration’s failure to protect student loan borrowers, including potential obstruction of justice by senior Trump Administration officials and abuses by the student loan servicing industry.

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