Media Type: Press Releases

AFT and SBPC Uncover New Evidence of Mismanagement and Abuse in Scandal-Plagued Public Service Loan Forgiveness Program

AFT and the SBPC released an investigative report exposing new instances of mismanagement and abuse in the scandal-plagued Public Service Loan Forgiveness program.

More
Statement from SBPC Executive Director on President Trump’s Action on Student Loan Payments and COVID-19

Student Borrower Protection Center Executive Director Seth Frotman released the following statement on President Trump’s Memorandum on student loan borrowers and coronavirus relief.

More
The Student Loan Law Initiative Announces Six New Research Grant Awards to Leading Experts for Developing Solutions to the Student Debt Crisis

SBPC and UCI Law partnership is building foundational research on student loan debt in order to arm advocates, policymakers, and legislators.

More
NAACP Legal Defense and Education Fund and Student Borrower Protection Center Send Letter to Financial Technology Firm over Equal Credit Opportunity Act and Fair Housing Act Violations

The NAACP Legal Defense and Educational Fund, Inc. (LDF) and the SBPC sent a demand letter to financial technology firm Upstart explaining how the firm’s algorithm likely violates the Equal Credit Opportunity Act and the Fair Housing Act.

More
56 Organizations Join in Opposition to Senate Bill that Fails to Protect Student Borrowers

The SBPC joined 55 other organizations in submitting a letter to Senate leadership in opposition to the Safely Back to School and Back to Work Act released yesterday.

More
Web of Predatory Schools and Finance Companies Drive Students to Take On Billions in High-Cost ‘Shadow’ Student Debt New Study Finds

The SBPC released a new report exposing the web of predatory schools and financial services firms that drive students to take on billions in risky, high-cost “shadow” student debt.

More
New Report Finds Severe Racial Disparities for Student Loan Borrowers Across American Cities

Alarming racial disparities in student debt burden and borrower distress exist across American cities, according to a new report issued today by the Student Borrower Protection Center.

More
Advocates File Complaint with Federal Trade Commission, Urge Enforcement Action Against Vemo Education for Its Deceptive Marketing of Income-Share Agreements to Students

The National Consumer Law Center and the Student Borrower Protection Center filed a complaint with the Federal Trade Commission (FTC) urging it to investigate Vemo Education, Inc. (Vemo) for unfair and deceptive business practices under the Federal Trade Commission Act in the marketing and promotion of income-share agreements (ISAs) for students at certain universities.

More
Great Lakes, Equifax, TransUnion, and Experian Sued for Damaging Millions of Student Loan Borrowers’ Credit, Mishandling Pandemic Relief

Today, individuals representing a class of millions of student loan borrowers sued five of the nation’s largest financial companies for illegally damaging borrowers’ credit and mishandling CARES Act pandemic relief.

More
California Borrowers Advocates Respond to Governor’s May Revise and Urge Consumer Protections for Student Loan Borrowers in the Wake of COVID-19

Today, the Campaign for California Borrowers Rights responds to the Governor’s May Revision of the state Budget and urges the Legislature to pass The Student Borrower Bill of Rights.

More