Media Type: Blogs

The End of the Payment Pause is a Civil Rights Issue

As advocates continue to push the Biden Administration to extend the pause on student loan payments, it is crucial that we recognize how ending the payment pause will uniquely impact Black and Latino borrowers.

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Navient’s Settlement Shows Why the Biden Administration Must Take Bold Action to Fix Income-Driven Repayment

By Claire Torchiana | January 25, 2022 Earlier this month, a bipartisan group of 39 state attorneys general settled lawsuits and investigations against Navient, one of the nation’s largest student loan lenders and servicers. The settlement is a meaningful step forward in a years-long attempt to hold one of the most predatory and unscrupulous actors […]

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An Industry-Wide, $50 Billion Scheme Stole Private Student Loan Borrowers’ Bankruptcy Rights

An SBPC investigation uncovers a decades-long scheme by the student loan industry aimed at blocking borrowers from accessing their full rights in bankruptcy—all so that these companies could pad their profits.

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Protecting Borrowers in 2021 and Beyond

t year, the SBPC fought to rewrite the rules for people with student debt. In a moment that demands sweeping change, we’ve made critical progress and will continue to work tirelessly to ensure families with student debt can prosper and to restore the promise of higher education as a gateway to the American Dream.

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If Payments Resume and Child Tax Credit Benefits Expire, February 1st Will Mark a Fiscal Cliff for Millions of Households in All 50 States

In the coming weeks, tens of millions of American households will face a combination of financial catastrophes: the new Omicron variant rapidly upending our economic recovery, Congress yanking badly-needed Child Tax Credit (CTC) benefits away from working families, and the return after almost two years of debilitating monthly student loan bills.

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With Protections for Income Share Agreement Borrowers, California Can Continue Leading the Fight Against Predatory Private Student Loans

California has long been a leader in student borrower protection. A new memo outlines how policymakers and law enforcement in the Golden State can protect borrowers from predatory income share agreements.

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The Nation’s Top Consumer Watchdog Can End Predatory Practices Trapping Workers in Employer-Driven Debt

As training repayment agreements increasingly become a more prominent contractual weapon that corporations use to restrict worker mobility, it’s time for watchdogs and policy makers at every level to take action.

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Millions of Borrowers Had a Special Chance to Exit Default During COVID. The Biden Administration Must Fix the System Failure that Led Almost None of Them to Access It.

New data from the Department of Education (ED) paint a bleak picture of the student loan system’s failure to deliver the most financially distressed borrowers relief that they are entitled to under the law during COVID.

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Check Out Our Resources for Accessing Public Service Loan Forgiveness

The SBPC is launching a resource center on its website for borrowers to provide them with clear and accurate information, source pain points and barriers that they experience, and direct those who need it to additional assistance.

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ED Can End the Corporate Boondoggle Empowering the Student Loan Industry to Profit Off of Defaulted Borrowers

It’s time for Washington to end the asset-backed boondoggle that harms borrowers while lining Wall Street’s pockets.

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