Press Releases

Press Releases

Jul 15, 2025

Advocates Applaud Senate Effort to Hold Secretary McMahon Accountable for Burying Working Families with Student Debt in $27 Billion Unnecessary Interest Charges

As inflation spikes, SBPC unveils a new state map highlighting how much the Trump Administration’s decision to resume interest will cost working families across each state.

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Press Releases

Jul 9, 2025

Trump Administration to Restart Student Loan Interest Charges for Nearly 8 Million Borrowers, Borrowers Will Face More than $3500 Per Year in New Charges

New analysis of Trump policy projects borrowers will pay $27 billion in unnecessary interest charges per year as millions remain unable to access legal rights to affordable loan payments.

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Press Releases

Jul 3, 2025

Advocates React to Lawmakers’ Passage of “Big Terrible Bill” Delivering Trillions in Tax Cuts to Billionaires, ‘Shame on You!’

The House of Representatives passed the “Big Terrible Bill” that delivers $4.5 trillion in tax cuts for billionaires and big corporations while gutting essential healthcare, nutrition assistance, and education programs American families rely on.

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Press Releases

Jul 1, 2025

Republican Controlled Senate Advances “Big, Terrible Bill,” Delivering Massive Tax Cuts to Billionaires on the Backs of Students and Working Families

Senate bill will drastically raise costs on American families, push higher education further out of reach, and gut our consumer watchdog—threatening the financial security of millions.

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Press Releases

Jun 24, 2025

U.S. Department of Education’s Proposed PSLF Language Uplifts Thinly-Veiled Fascism

ED released proposed regulatory language to implement President Trump’s EO to exclude certain employers from the PSLF program.

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Press Releases

Jun 13, 2025

New York Legislature Votes by Overwhelming, Bipartisan Majority to Protect Workers From TRAPs

SBPC applauds the NY State Legislature for passing Assembly Bill A584C, the Trapped At Work Act. This bill will prohibit employers from imposing TRAPs on employees, which put workers on the hook for thousands of dollars in debts owed directly to their employers if they quit, change jobs, or are laid off.

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Press Releases

Jun 11, 2025

Senate Republicans Double Down on House’s Cruel Agenda, Push Reconciliation Bill That Jacks Up Costs for Students and Families to Bankroll Billionaire Tax Breaks

New analysis projects borrowers would owe thousands of dollars more per year under new Senate proposal.

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Press Releases

Jun 4, 2025

Advocates Sound Alarm as Lead Detractor of Student Debt Cancellation, Joshua Divine, Is Nominated for Lifetime Federal Judicial Appointment

Later today, Joshua Divine, chief legal architect behind the Republican states-led opposition to the Biden Administration’s student debt relief efforts, will appear before the Senate Committee on the Judiciary as nominee for a federal district judge in Missouri.

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Press Releases

Jun 3, 2025

Trump Administration Caves on Plans to Snatch Social Security Benefits After Months of Pressure From Borrower Advocates

ED told reporters that the Trump Admin was reversing course and pausing its plans to offset the Social Security benefits of defaulted student loan borrowers. This is in contrast to the Admin’s April 21st announcement stating that it planned to subject millions of Americans in default to mandatory collections, including wage garnishment, tax refund, and Social Security benefit offsets.

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Press Releases

Jun 2, 2025

Groups Urge U.S. Department of Education to Ensure Robust Representation on Student Debt Rulemaking Panel

Letter proposes slate of diverse and qualified negotiators ready to lend vital expertise and experience on PSLF and IDR.

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