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It is long past due for policymakers, regulators, law enforcement, and Congress to hold ISA providers and the bootcamps that rely on them accountable, and to protect borrowers from these predatory shams.
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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.
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 in the student loan industry accountable. But the settlement also shows how deep the rot has historically run…
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.
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.
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.
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.
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.
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.
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.