Press Releases

Aug 13, 2020

Amid Lawsuit, DeVos Contradicts Kraninger on Oversight of Federal Student Loan Servicers

Education Secretary Betsy DeVos’ recent response to a Senate Appropriations Subcommittee reveals that, contrary to the CFPB’s claims to Congress and a federal court, the CFPB and Department of Education are not currently conducting joint examinations of large federal student loan servicers.

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Press Releases

Aug 12, 2020

AFT and SBPC Uncover New Evidence of Mismanagement and Abuse in Scandal-Plagued Public Service Loan Forgiveness Program

AFT and the SBPC released an investigative report exposing new instances of mismanagement and abuse in the scandal-plagued Public Service Loan Forgiveness program.

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Press Releases

Aug 10, 2020

Statement from SBPC Executive Director on President Trump’s Action on Student Loan Payments and COVID-19

Student Borrower Protection Center Executive Director Seth Frotman released the following statement on President Trump’s Memorandum on student loan borrowers and coronavirus relief.

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Press Releases

Aug 3, 2020

The Student Loan Law Initiative Announces Six New Research Grant Awards to Leading Experts for Developing Solutions to the Student Debt Crisis

SBPC and UCI Law partnership is building foundational research on student loan debt in order to arm advocates, policymakers, and legislators.

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Press Releases

Jul 30, 2020

NAACP Legal Defense and Education Fund and Student Borrower Protection Center Send Letter to Financial Technology Firm over Equal Credit Opportunity Act and Fair Housing Act Violations

The NAACP Legal Defense and Educational Fund, Inc. (LDF) and the SBPC sent a demand letter to financial technology firm Upstart explaining how the firm’s algorithm likely violates the Equal Credit Opportunity Act and the Fair Housing Act.

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Press Releases

Jul 28, 2020

56 Organizations Join in Opposition to Senate Bill that Fails to Protect Student Borrowers

The SBPC joined 55 other organizations in submitting a letter to Senate leadership in opposition to the Safely Back to School and Back to Work Act released yesterday.

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Press Releases

Jul 17, 2020

Web of Predatory Schools and Finance Companies Drive Students to Take On Billions in High-Cost ‘Shadow’ Student Debt New Study Finds

The SBPC released a new report exposing the web of predatory schools and financial services firms that drive students to take on billions in risky, high-cost “shadow” student debt.

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Press Releases

Jun 29, 2020

New Report Finds Severe Racial Disparities for Student Loan Borrowers Across American Cities

Alarming racial disparities in student debt burden and borrower distress exist across American cities, according to a new report issued today by the Student Borrower Protection Center.

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Press Releases

Jun 1, 2020

Advocates File Complaint with Federal Trade Commission, Urge Enforcement Action Against Vemo Education for Its Deceptive Marketing of Income-Share Agreements to Students

The National Consumer Law Center and the Student Borrower Protection Center filed a complaint with the Federal Trade Commission (FTC) urging it to investigate Vemo Education, Inc. (Vemo) for unfair and deceptive business practices under the Federal Trade Commission Act in the marketing and promotion of income-share agreements (ISAs) for students at certain universities.

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Press Releases

May 20, 2020

Great Lakes, Equifax, TransUnion, and Experian Sued for Damaging Millions of Student Loan Borrowers’ Credit, Mishandling Pandemic Relief

Today, individuals representing a class of millions of student loan borrowers sued five of the nation’s largest financial companies for illegally damaging borrowers’ credit and mishandling CARES Act pandemic relief.

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Press Releases

Amid Lawsuit, DeVos Contradicts Kraninger on Oversight of Federal Student Loan Servicers

AFT and SBPC Uncover New Evidence of Mismanagement and Abuse in Scandal-Plagued Public Service Loan Forgiveness Program

Statement from SBPC Executive Director on President Trump’s Action on Student Loan Payments and COVID-19

The Student Loan Law Initiative Announces Six New Research Grant Awards to Leading Experts for Developing Solutions to the Student Debt Crisis

NAACP Legal Defense and Education Fund and Student Borrower Protection Center Send Letter to Financial Technology Firm over Equal Credit Opportunity Act and Fair Housing Act Violations

56 Organizations Join in Opposition to Senate Bill that Fails to Protect Student Borrowers

Web of Predatory Schools and Finance Companies Drive Students to Take On Billions in High-Cost ‘Shadow’ Student Debt New Study Finds

New Report Finds Severe Racial Disparities for Student Loan Borrowers Across American Cities

Advocates File Complaint with Federal Trade Commission, Urge Enforcement Action Against Vemo Education for Its Deceptive Marketing of Income-Share Agreements to Students

Great Lakes, Equifax, TransUnion, and Experian Sued for Damaging Millions of Student Loan Borrowers’ Credit, Mishandling Pandemic Relief

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