Press Releases

Apr 21, 2020

Americans for Financial Reform and SBPC Send Letter to Navient Board of Directors Demanding Investment in Student Borrowers, Not Shareholders

The Student Borrower Protection Center (SBPC) and Americans for Financial Reform (AFR) sent a letter to the Board of Directors of Navient Corporation urging the company’s board to halt dividends and stock buybacks, pause planned compensation for itself and the company’s managers, and focus on investing in customer service infrastructure for the remainder of the coronavirus crisis.

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Press Releases

Apr 21, 2020

Coalition of Advocates Urge Congressional Oversight Commission to Aggressively Monitor Over $1 Billion in CARES Act Funds Going to For-Profit Schools

Today, a coalition of over 40 consumer advocacy organizations sent a letter to the Congressional Oversight Commission established to oversee CARES Act implementation calling for aggressive monitoring of funds going to for-profit schools.

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Press Releases

Apr 3, 2020

Embattled Private Student Lenders Finally Cease Abusive Lawsuits During the Coronavirus Pandemic

Decision to halt lawsuits follows SBPC’s calls for action and scrutiny of industry debt collection tactics.

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Press Releases

Apr 2, 2020

Statement from Mike Pierce, SBPC Policy Director, on the State of California’s Lawsuit Against the Pennsylvania Higher Education Assistance Agency (PHEAA)

California’s actions to hold PHEAA accountable for handling of federal TEACH grant comes amid an unprecedented campaign by the Trump Administration to block oversight by state regulators.

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Press Releases

Mar 27, 2020

Advocates Urge Industry to Provide Relief to Private Student Loan Borrowers During the Coronavirus Pandemic

Today the Student Borrower Protection Center (SBPC) and Americans for Financial Reform (AFR) sent letters to one dozen large private student lenders urging the companies to take steps to mitigate borrower harm caused by the economic fallout of the coronavirus.

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Press Releases

Mar 26, 2020

Statement from SBPC Executive Director and Former Top Student Loan Regulator Seth Frotman on the CARES Act

Today Student Borrower Protection Center Executive Director and former CFPB Student Loan Ombudsman Seth Frotman issued the following statement on how the CARES Act fails to deliver critical relief for student loan borrowers.

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Press Releases

Mar 19, 2020

SBPC and American Federation of Teachers Urge Government and Industry Action to Protect Student Loan Borrowers in the Face of Coronavirus Pandemic

As Americans face the economic fallout from the coronavirus, the American Federation of Teachers (AFT) and the Student Borrower Protection Center (SBPC) today sent letters to government and industry leaders across the student loan system demanding action to protect student loan borrowers during this nationwide crisis. The organizations sent letters to Education Secretary Betsy DeVos, Consumer Financial Protection Bureau Director Kathy Kraninger, and nine large student loan companies that service loans owed by…

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Press Releases

Mar 18, 2020

Statement from Seth Frotman, SBPC Executive Director and Former Top Student Loan Regulator on Emergency Stimulus Proposal

Student Borrower Protection Center Executive Director and former CFPB Student Loan Ombudsman Seth Frotman released the following statement on Washington’s plan to send checks directly to American families as part of a $1 trillion stimulus package in response to the coronavirus crisis.

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Press Releases

Feb 12, 2020

Statement from Seth Frotman, SBPC Executive Director and former CFPB Student Loan Ombudsman on Bodor v. Maximus

Student Borrower Protection Center Executive Director and former CFPB Student Loan Ombudsman Seth Frotman released the following statement on the lawsuit announced today by the National Consumer Law Center and Justice Catalyst Law against Maximus, Inc.

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Press Releases

Feb 5, 2020

New Report Finds ‘Educational Redlining’ Penalizes Borrowers Who Attended Community Colleges and Minority-Serving Institutions, Perpetuates Systemic Disparities

Advocacy organization calls on congress, regulators to crack down on consumer lenders’ use of education data, warns of fair lending abuses.

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Press Releases

Americans for Financial Reform and SBPC Send Letter to Navient Board of Directors Demanding Investment in Student Borrowers, Not Shareholders

Coalition of Advocates Urge Congressional Oversight Commission to Aggressively Monitor Over $1 Billion in CARES Act Funds Going to For-Profit Schools

Embattled Private Student Lenders Finally Cease Abusive Lawsuits During the Coronavirus Pandemic

Statement from Mike Pierce, SBPC Policy Director, on the State of California’s Lawsuit Against the Pennsylvania Higher Education Assistance Agency (PHEAA)

Advocates Urge Industry to Provide Relief to Private Student Loan Borrowers During the Coronavirus Pandemic

Statement from SBPC Executive Director and Former Top Student Loan Regulator Seth Frotman on the CARES Act

SBPC and American Federation of Teachers Urge Government and Industry Action to Protect Student Loan Borrowers in the Face of Coronavirus Pandemic

Statement from Seth Frotman, SBPC Executive Director and Former Top Student Loan Regulator on Emergency Stimulus Proposal

Statement from Seth Frotman, SBPC Executive Director and former CFPB Student Loan Ombudsman on Bodor v. Maximus

New Report Finds ‘Educational Redlining’ Penalizes Borrowers Who Attended Community Colleges and Minority-Serving Institutions, Perpetuates Systemic Disparities

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