Letters & Memos Archives - Page 7 of 10

Nelnet Borrower Voices on the Incomplete Promise of Relief through IDR

This memo describes how borrowers whose loans are serviced by Nelnet have suffered from the industry’s harmful practices, in particular when it comes to Income-Driven Repayment (IDR) options.

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Advocacy, Letters

One Door Closes & Others Remain: Institutional Loans and the 90/10 Formula

In connection with the second session of ED’s negotiated rulemaking on the 90/10 rule and Institutional and Programmatic Eligibility, the Center for Responsible Lending, and the SBPC sent a memo to ED warning about the risks of counting institutional loans a revenue.

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Advocacy, Letters

More Than 200 Organizations Urge President Biden to Delay Restarting Student Loan Payments

In a letter to President Biden, the SBPC and over 200 organizations call on the administration to extend the pause on student loan payments scheduled to resume for millions of borrowers on January 31, 2022.

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Advocacy, Letters

Advocates Demand Industry Deliver Borrowers their Right to PSLF

SBPC and a coalition of the nation’s largest unions sent letters to 25 large student loan companies demanding immediate action to ensure successful implementation of ED’s recent overhaul of PSLF.

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Advocacy, Letters

Advocates Call on the CFPB to Protect Workers Against Predatory Employer-Driven Debt

The SBPC and the Open Markets Institute warn the Consumer Financial Protection Bureau about the risks that emerging forms of employer-driven student debt pose for workers and markets.

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Advocacy, Letters

Letter to PHEAA Warning of Potential Consumer Protection Violations Related to PSLF Implementation

In a letter to PHEAA, the SBPC warns the company that providing incorrect, misleading information to borrowers related to the recent overhaul of the Public Service Loan Forgiveness (PSLF) program violates federal and state consumer financial protections.

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Advocacy, Letters

Letter to the CFPB on Troubling Practices by Large Technology Companies

In a letter to the Consumer Financial Protection Bureau, the SBPC calls attention to troubling practices by large technology companies that are occurring in the higher education finance and postsecondary education space.

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Advocacy, Letters

Letters to Federal Regulators on Income Share Agreements

In light of recent action by the CFPB to affirm that ISAs are a form of private student loan that must comply with all relevant state and federal consumer financial protections, the SBPC sent letters to a number of federal agencies highlighting the need for increased scrutiny of the ISA market.

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Advocacy, Letters

Advocates Highlight Evidence that Guaranty Agencies Harmed Borrowers and Violated Department of Education Orders During COVID

SBPC sent a letter to the Consumer Financial Protection Bureau to highlight new evidence of illegal conduct by Guaranty Agencies and to call on CFPB to protect borrowers.

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Advocacy, Memos/Issue Briefs

Legal Analysis, and Need for Increased Enforcement, of the Student Loan Sunshine Act

In a memorandum, Sabita Soneji and Leora Friedman of Tycko & Zavareei, LLP outline the legal tools available to hold bad actors accountable for an ongoing scheme to drive students toward predatory private credit.

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Resource Type: Letters & Memos

Nelnet Borrower Voices on the Incomplete Promise of Relief through IDR

One Door Closes & Others Remain: Institutional Loans and the 90/10 Formula

More Than 200 Organizations Urge President Biden to Delay Restarting Student Loan Payments

Advocates Demand Industry Deliver Borrowers their Right to PSLF

Advocates Call on the CFPB to Protect Workers Against Predatory Employer-Driven Debt

Letter to PHEAA Warning of Potential Consumer Protection Violations Related to PSLF Implementation

Letter to the CFPB on Troubling Practices by Large Technology Companies

Letters to Federal Regulators on Income Share Agreements

Advocates Highlight Evidence that Guaranty Agencies Harmed Borrowers and Violated Department of Education Orders During COVID

Legal Analysis, and Need for Increased Enforcement, of the Student Loan Sunshine Act