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In the News
May 26, 2020 | 5 Million Student-Loan Borrowers May See their Credit Scores Fall After CARES Act Paused Loan Payments — ‘It’s Another Battle’
She appears to be one of up to roughly five million borrowers whose score was dinged, despite instructions from Congress that the pause on student-loan payments shouldn’t affect borrowers’ credit scores.
May 22, 2020 | For-Profit Colleges See Opportunity in Depression
As public universities face budget cuts and uncertain futures, for-profit colleges and nonprofits that behave like for-profits are entering a time when, historically, they see increased enrollments as Americans turn to education in an attempt to acquire the skills they need to get back to work.
May 22, 2020 | A Mistake Caused Credit Scores to Drop for Tons of Student Loan Borrowers. Here’s How to Fix Yours
Millions of student loan borrowers have been left worrying about the state of their credit reports after a company that manages repayment botched a program to help borrowers during the pandemic, according to a class-action lawsuit filed on Wednesday.
Press Releases
May 20, 2020 | 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.
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.
May 15, 2020 | New Research Shows Student Debt’s Secret Price Tag
The Student Borrower Protection Center (SBPC) and Credit Builders’ Alliance (CBA) released new research revealing the secret price American families pay when taking on student debt.
Remarks
December 4, 2019 | Testimony of Katherine Welbeck Before the California Assembly Select Committee on Student Debt
Testimony of Katherine Welbeck Before the California Assembly Select Committee on Student Debt: Student Debt Impacts on California Neighborhoods
September 10, 2019 | Testimony of Seth Frotman Before the United States Congress House Financial Services Committee
Testimony of Seth Frotman at the House Financial Services Committee hearing: A $1.5 Trillion Crisis: Protecting Student Borrowers and Holding Student Loan Servicers Accountable
April 23, 2019 | Keynote Remarks of Seth Frotman at the San Francisco Federal Reserve Bank
Keynote remarks of Seth Frotman in conjunction with the release of the San Francisco Federal Reserve Bank’s paper, At What Cost?: Student Loan Debt in the Bay Area.