In the News
As the COVID-19 pandemic has wreaked financial havoc on colleges, their students and student-loan borrowers, the government has stepped in to provide billions of dollars of relief. But at least one group of students is still being left out.
January 27, 2021: Should We Lift the Crushing Burden of Student Loan Debt?
Is broad forgiveness of student loans the best way to get help to borrowers who most need it? MPR News host Kerri Miller took listener calls and talked to two consumer advocates about the student loan debt crisis.
While the federal government continues to pause the collection of defaulted student loans during the coronavirus pandemic, private companies that initially followed suit are back in court.
SBPC Executive Director Seth Frotman released the following statement on President Biden signing an executive order to extend the student loan payment pause for federal student loan borrowers.
President-elect Joe Biden announced that he will nominate FTC Commissioner Rohit Chopra to be the next Director of the Consumer Financial Protection Bureau. Student Borrower Protection Center Executive Director Seth Frotman issued the following statement.
Today the NAACP Legal Defense and Educational Fund, Inc. (LDF) and the SBPC announced that they have entered into an agreement with Upstart Network, Inc. under which the parties will collaborate on a review of Upstart’s fair lending outcomes and assess best practices.
December 4, 2019 | Testimony of Katherine Welbeck Before the Boston City Council
Testimony on the importance of cities taking action to understand how student debt is affecting communities of color and the value of gathering this information to support borrowers.
Thank you for the opportunity to testify in favor of A.4407, which prevents state resources from flowing to schools and training programs that require students to consent to arbitration and waive other rights prior to a dispute arising.
Testimony in support of legislation which defines and addresses some of the most critical elements affecting students in the event of a disorderly school closure.