Letters & Memos

Letters & Memos

Apr 22, 2022

Borrower Voices on the Incomplete Promise of Relief through IDR: Recertification

This memo lays out how unwieldy Income-Driven Repayment (IDR) requirements such as annual recertification contribute to blocking borrowers from accessing relief.

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Letters & Memos

Apr 11, 2022

Advocates Call on CFPB to Eliminate the Junk Fees Harming Students

SBPC and the U.S. PIRG Education Fund call on the CFPB to use its broad authorities over enforcement, supervision, and regulation in the consumer financial services marketplace to investigate and eradicate junk fees.

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Letters & Memos

Apr 6, 2022

Older Borrower Voices on the Incomplete Promise of Relief through IDR

This memo highlights how an Income-Driven Repayment (IDR) fix will only provide relief to older borrowers with decades-old loans if it provides credit towards relief for time in default, forbearance, and deferment.

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Letters & Memos

Mar 31, 2022

Purdue Must Stop Illegally Profiting at Students’ Expense—or Risk Losing its Access to the Federal Financial Faucet

In a letter to the Department of Education, the SBPC exposes how Purdue University’s notorious “Back-A-Boiler” private student loan program puts students at risk and flagrantly violates the law.

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Letters & Memos

Mar 30, 2022

PHEAA Borrower Voices on the Incomplete Promise of Relief through IDR

This memo details how borrowers such as those whose loans have been serviced by the Pennsylvania Higher Education Assistance Agency (PHEAA), also known as AES and FedLoan Servicing, will still be left behind if fixes to Income-Driven Repayment (IDR) do not provide credit towards loan forgiveness for borrowers’ time in default, forbearance, and deferment.

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Letters & Memos

Mar 2, 2022

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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Letters & Memos

Feb 18, 2022

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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Letters & Memos

Dec 8, 2021

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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Letters & Memos

Dec 6, 2021

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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Letters & Memos

Dec 1, 2021

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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