American Federation of Teachers and SBPC Send Letters to Government and Industry Leaders Demanding Action During Coronavirus Pandemic
As Americans face the economic fallout from the coronavirus, the American Federation of Teachers (AFT) and the Student Borrower Protection Center (SBPC) sent letters to government and industry leaders across the student loan system demanding action to protect student loan borrowers during this nationwide crisis.
Letter to Secretary of Education Betsy DeVos
Letter to Secretary of Education Betsy DeVos urging her to use her authority under the HEROES Act to take a number of steps to ease the burden of student debt on Americans during the coronavirus pandemic. Download the letter hereAFT-SBPC-HEROES-Act-Letter-Final-for-Circulation-1
Letter to CFPB Director Kathy Kraninger
Letter to Consumer Financial Protection Bureau Director Kathy Kraninger urging aggressive action to address the risk of consumer harm in the student loan market stemming from the coronavirus pandemic. Download the letter hereAFT-SBPC-CFPB-Letter-Final-for-Circulation-1
Letters to Student Loan Company CEOs
Letters to the CEOs and heads of student loan companies urging action to protect and support borrowers during the coronavirus pandemic. Letters were sent to the following companies:
- FedLoan / Pennsylvania Higher Education Assistance Agency (PHEAA)
- Cornerstone Education Loan Services / Utah Higher Education Assistance Authority
- EdFinancial Services
- Granite State Management & Resources
- Global Payments, Inc.
- Missouri Higher Education Loan Authority (MOHELA)
- Navient Corporation
- Nelnet, Inc.
- Oklahoma Student Loan Authority