April 21, 2020 Advocates Urge CARES Act Congressional Oversight Commission to Monitor Funds Going to For-Profit Schools Advocates Urge CARES Act Congressional Oversight Commission to Monitor Funds Going to For-Profit Schools In a letter sent to the Congressional Oversight Commission established to oversee the CARES Act, a... Learn More
December 11, 2018 A Year Without Action: An Analysis of Borrower Complaints ...companies. Despite being required by federal law to produce an annual report documenting borrower complaints, the Trump Administration has failed to do so since assuming control over the CFPB more... Learn More
May 31, 2020 SBPC and NCLC File FTC Complaint Against Vemo Education for Deceptive Marketing Practices In a complaint to the Federal Trade Commission, the Student Borrower Protection Center and the National Consumer Law Center urges the Federal Trade Commission to investigate Vemo Education, Inc. for... Learn More
December 10, 2020 Affirming Accountability: How the Biden Administration Can Stop the Shady Companies Helping For-Profit Colleges Evade Responsibility for Driving Students Into Default This issue brief details how for-profit schools work with third-party companies to skirt accountability requirements designed to protect borrowers who attended schools with high default rates. A growing body of... Learn More
April 3, 2020 Embattled Private Student Lenders Finally Cease Abusive Lawsuits During the Coronavirus Pandemic ...public health crisis. These announcements come on the heels of work by the Student Borrower Protection Center to call attention to these abusive lawsuits and to pressure industry to halt... Learn More
Kat Welbeck and Ben Kaufman | February 8, 2021 The CFPB Must Prioritize the Student Debt Crisis as a Civil Rights Crisis ...directed the Bureau’s Division of Research, Markets, and Regulations to “prepare an analysis of the most pressing consumer finance barriers to racial equity to inform [the Bureau’s] research and rulemaking... Learn More
February 25, 2023 Biden faces prospect of being unable to deliver on student loan forgiveness “This is a lot of people, 40 million, and about half would be debt free as a result of this program,” said Persis Yu, managing counsel of the Student Borrower... Learn More
Mike Pierce | February 13, 2024 Students Should Not Bear the Financial Burden when Corporate Greed Shatters the Online Higher Education Market ...brand-name public and private colleges. The combined enrollment across these 2U programs makes 2U equivalent to the eighth largest college in America. The combined enrollment across these 2U programs makes... Learn More
April 19, 2022 Education Department Announces Major Effort to Repair Student Loan Safety Net, Deliver Debt Relief for Millions of Low-Income People with Student Debt With New Fix to Income-Driven Repayment, Education Department Looks to Remedy Allegations of Past Mismanagement and Industry Abuse But Fails to Help Defaulted Borrowers Who Are The Most Financially Vulnerable... Learn More
October 30, 2023 U.S. Department of Education Finds Widespread Servicing Failures Across the Student Loan System, Advocates Urge Follow-On Action By Law Enforcement ...required under its federal contract but that the company never performed. ED will also place all affected borrowers in an interest-free forbearance—equivalent to extending the student loan payment pause—until the... Learn More