SBPC released the results of a months-long investigation into the tech company Prehired, exposing how the firm had resumed its scheme to push worthless credentials on students, paid for via its own predatory private student lending operation.
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“What they’re trying to do is build a new market for Wall Street,” Mike Pierce, of the Student Borrower Protection Center, told me.
Preliminary injunction orders Trump Administration to reinstate CFPB student loan ombudsman and get CFPB back to work on behalf of consumers.
Seven repeat offenders pardoned by the Trump Administration have paid more than $7 billion for their illegal activities as a result of CFPB and other regulators.
SBPC and AFT are still committed to ensuring borrowers access their right to affordable payments and debt relief amid million-borrower paperwork backlog.
The second Trump Admin has been filled with chaos and uncertainty for students and borrowers—but they can take critical steps to protect themselves and fight back.
If Donald Trump actually cared about lowering costs for working people across this country and not just throwing red meat to his base, he would shut the student loan system down.
Advocates call on Congress to convene emergency hearing, demand answers, and hold Linda McMahon accountable.
The 1.8 million-member AFT sued ED for effectively breaking the student loan system, denying borrowers’ access to affordable loan payments and blocking progress towards PSLF, in violation of federal law.