Media Type: Press Releases

New Poll: More than 6-in-10 Voters Want Biden to Cancel Student Debt

SBPC and Data for Progress released a new tracking poll revealing that 63 percent of likely voters support action by the federal government to cancel some or all student debt for all borrowers.

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New Poll: As Inflation Soars, Large Bipartisan Majority Supports President Biden’s Pause on Student Loan Payments

SBPC and Data for Progress released a new poll revealing that 69 percent of likely voters support President Biden’s continued pause on student loan payments, including majorities of Democrats, Republicans, and Independents.

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The System is Broken: 100+ Organizations Urge Biden Administration to Aid Millions of Student Loan Borrowers with Overdue Income-Driven Repayment (IDR) Reforms

Today, a group of 104 diverse advocacy organizations, including American Federation of Teachers (AFT), National Education Association (NEA) and UnidosUS, sent a letter to the Biden administration, calling on U.S. Secretary of Education Miguel Cardona to reform broken, dysfunctional income-driven repayment (IDR) programs with the creation of an IDR restoration project or waiver.

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SBPC Investigation Uncovers Decades-Long Student Loan Industry Scheme to Deprive Millions of Private Student Loan Borrowers of Bankruptcy Rights

Based on a comprehensive review of securities filings, student loan promissory notes, and government data, SBPC estimates that $50 billion in so-called private student loans taken on by more than 2.6 million borrowers, are, in fact, eligible to be discharged in bankruptcy despite representations to the contrary by lenders and loan servicers.

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Student Borrower Protection Center Statement on Navient’s Settlement with 39 States Cancelling $1.7 Billion in Predatory Private Student Loans

Today, 39 states settled lawsuits and investigations against the student loan giant Navient Corporation (Navient) related to allegations of predatory lending and illegal student loan servicing that harmed borrowers nationwide. Per the terms of the settlement, with a bipartisan group of 39 state attorneys general, borrowers will enjoy $1.7 billion in cancellation on dangerous, high-cost private student loans.

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Borrower Advocates Demand that Education Department Restore the Promise of Income-Driven Repayment

Today, the SBPC, CRL, and NCLC released a whitepaper outlining why must act now, before the payment pause ends, to provide relief for the millions of federal student loan borrowers who have never seen the promise of income-driven repayment forgiveness.

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SBPC Statement on Extension of the Student Loan Payment Pause

Today, President Biden announced an extension of the pause on student loan payments, interest charges, and debt collection in response to new public health and economic data. Tens of millions of student loan borrowers will no longer be expected to make payments until at least May 1, 2022. In the past month, the rapid spread of the Omicron variant has driven new COVID-19 cases to record levels as the dual threats of economic…

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New Poll: Families Face Widespread Financial Hardship When Student Loan Payments Restart, Expanded Child Tax Credit Expires

Fighting Chance for Families released a new poll revealing that almost half of borrowers expressed no confidence in their ability to make student loan payments should the Biden administration restart payments in February 2022 as planned.

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SBPC Statement on Reported Possible Extension of the Student Loan Payment Pause

In the past month, the rapid spread of the Omicron variant has driven new COVID-19 cases to record levels as the dual threats of economic instability and historic inflation batter American families this holiday season. Yet, as recently as last weekend, senior Biden Administration officials had reaffirmed the administration’s intention to resume student loan payments for tens of millions of people, in spite of mounting evidence that such a decision would be catastrophic…

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Income Share Agreement Company and For-Profit School Sued for Deceptive Practices and Illegal Lending

Two former students, with the support of the SBPC, filed lawsuits against a predatory online bootcamp scheme and a nationwide provider of ISAs, alleging widespread deceptive practices, illegal lending, and unlawful collection of student loans.

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