Shadow Student Debt
This report examines the web of predatory schools and financial services firms that drive students to take on risky, high-cost shadow student debt. Informed by an SBPC investigation of over a dozen financial companies that partner with for-profit schools notorious for causing borrower distress, the report uncovers pervasive predatory features such as high fees and misleading marketing tactics.
The SBPC highlights the key role that shadow student debt plays in propping up predatory for-profit schools and recommends specific actions for lawmakers, regulators, and law enforcement officials to address these issues.
Read the Report: Shadow Student Debt
Read the Press Release: Web of Predatory Schools and Finance Companies Drive Students to Take On Billions in High-Cost ‘Shadow’ Student Debt New Study Finds