Social Security

News Clips

May 5, 2023

Advocacy Group Urges U. of California to Do Away With Boot Camps Run by OPMs

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Letters & Memos

May 5, 2023

Letter to the University of California on Completing the Work of Protecting Students from Predatory Online Programs

The SBPC sends a letter applauding the University of California’s recent decision to ban fully online degrees, while urging it to fully protect students from predatory online program managers by also banning fully online non-degree programs.

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Blogs

May 4, 2023

President Biden Opened the Door to Comprehensive Student Protection. Now—He Needs to Step Through It.

The Biden administration has charted a new vision for principles-based student protection. Their changes and additional revisions will ensure those who pursue higher education might finally enjoy the safety they deserve.

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News Clips

Apr 27, 2023

Biden’s student loan help would be ‘annihilated’ by GOP bill

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News Clips

Apr 23, 2023

New Georgia Project, SBPC talk Black student debt

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Letters & Memos

Apr 21, 2023

Comments in Response to Proposed Ban on Non-Compete and De Facto Non-Compete Clauses

The SBPC submits a comment applauding certain proposed changes aimed at expanding access to the Public Service Loan Forgiveness program and outlining additional needed changes.

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News Clips

Apr 20, 2023

They recruited IT staffers with the promise of a prestigious career. But there’s a catch — workers had to stay for two years or pay nearly $24,000

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Press Releases

Apr 19, 2023

House Majority Proposes a “Permanent Student Debt Crisis,” Driving Borrowers Far Deeper Into Debt and Stripping Relief from Tens of Millions of Workers and Families

Fake outrage over the debt limit spurred House leadership to release a cruel, unjust, and irresponsible vision for how Americans pay for college, blocking all future Administrations from cancelling debt or fixing broken programs.

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Press Releases

Apr 14, 2023

“Unconscionable” Debt-for-Training Scheme Funnels Low-Wage Tech Workers to Fortune 500 Companies; Groundbreaking Class-Action Lawsuit Seeks to Void Predatory Training Repayment Agreement Provisions

Tech Training Bootcamp Smoothstack Engineered Modern-Day Indentured Servitude, Using TRAPs to Let Public Companies Like Accenture, Verizon, and CapitalOne Exploit IT Workers April 14, 2023 | WASHINGTON, D.C. — Last night, a former employee filed a class-action lawsuit against a tech-training and employee-staffing agency, Smoothstack, Inc. (Smoothstack). This new lawsuit alleges that Smoothstack steals wages […]

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Reports

Apr 13, 2023

The South has Something to Say: Atlanta Report

Read our report examining student loan debt in Atlanta.

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Press Releases

Apr 13, 2023

New Research Finds Majority-Black Neighborhoods in the Center of Atlanta’s Growing Student Debt Crisis

As millions await decisions on political lawsuits and efforts in Congress threatening the fate of debt relief, Student Borrower Protection Center launches “Student Debt in the South” research series.

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News Clips

Apr 12, 2023

California bill aims to help students with institutional debt

Assemblymember Blanca Pacheco introduced a bill that would prohibit California schools from withholding degrees or certificates from students if they owe money. “With the current enrollment crisis, it is important that we help students with removing barriers in attaining their higher education goals and understand what else we must do to address the student debt crisis, including […]

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Press Releases

Apr 10, 2023

CALIFORNIA: Assemblymember Pacheco Joins Coalition to Unveil the “Protecting Students from Creditor Colleges Act” on Institutional Debt

State bill is aimed at protecting students from so-called “institutional debt,” or the educational barriers and harmful debt collection practices related to debts students owe directly to schools.

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Letters & Memos

Apr 3, 2023

Letter in Response to the CFPB’s Proposal for a Registry of Supervised Nonbanks that Use Terms & Conditions in Form Contracts to Limit Consumers’ Rights and Protections

SBPC offers comments on the CFPB’s proposal to create a registry of nonbanks that use restrictive terms in form contracts to block borrowers’ rights. SBPC praises the idea against a backdrop of endemic abuse and offers suggestions for how the CFPB could strengthen it.

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Blogs

Apr 3, 2023

New Analysis Confirms Congressional Efforts to Overturn Payment Pause and Debt Relief Will Wreak Economic Havoc on Tens of Millions of Borrowers

SBPC conducted a new analysis underscoring the massive benefit that the payment pause has had for borrowers, and the even greater benefits that President Biden’s relief plan would add on top of it.

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Letters & Memos

Mar 31, 2023

Letter in Response to the CFPB’s Proposed Rule for a Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders

In a letter, the SBPC praises and offers additional suggestions to strengthen the CFPB’s proposal to create a registry of covered nonbanks that are subject to certain federal, state, or local agency orders.

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Letters & Memos

Mar 30, 2023

Letter in Response to the Department of Education’s Dear Colleague Letter Regarding Requirements and Responsibilities for Third-Party Servicers and Institutions

In a letter, SBPC praises and offers certain recommendations to strengthen ED’s February 2023 letter revising guidance to institutions that contract with third-party servicers to administer any aspect of their participation in the Title IV program.

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Blogs

Mar 23, 2023

New Data Shows Guaranty Agencies Illegally Took and Failed to Refund Tens of Millions of Dollars From Borrowers After Already Getting Caught Breaking the Law

SBPC has uncovered new evidence that GAs stole millions of dollars from borrowers and illicitly refused tens of millions of dollars of refunds after already getting caught breaking the law.

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Press Releases

Mar 22, 2023

FDIC and CFPB Must Take Immediate Action to Halt SoFi’s Latest Lawbreaking Effort to Prey on Customers and Exploit the Banking Crisis

SBPC Provides Federal Regulators With Evidence of New SoFi Scheme to Sell Fake Financial Product Using FDIC’s Likeness March 22, 2023 | WASHINGTON, D.C. — Moments ago, the Student Borrower Protection Center (SBPC) sent a letter to the Federal Deposit Insurance Corporation (FDIC) and Consumer Financial Protection Bureau (CFPB) demanding immediate action against SoFi Bank […]

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Press Releases

Mar 21, 2023

Advocates Commend U.S. Labor Department for Taking Action to Protect Workers from Predatory Employer-Driven Debt

The U.S. Department of Labor filed its first-ever lawsuit against a company for allegedly using a “stay-or-pay” contract that required employees to pay the employer if they leave their job before the end of a contract.

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Social Security

Advocacy Group Urges U. of California to Do Away With Boot Camps Run by OPMs

Letter to the University of California on Completing the Work of Protecting Students from Predatory Online Programs

President Biden Opened the Door to Comprehensive Student Protection. Now—He Needs to Step Through It.

Biden’s student loan help would be ‘annihilated’ by GOP bill

New Georgia Project, SBPC talk Black student debt

Comments in Response to Proposed Ban on Non-Compete and De Facto Non-Compete Clauses

They recruited IT staffers with the promise of a prestigious career. But there’s a catch — workers had to stay for two years or pay nearly $24,000

House Majority Proposes a “Permanent Student Debt Crisis,” Driving Borrowers Far Deeper Into Debt and Stripping Relief from Tens of Millions of Workers and Families

“Unconscionable” Debt-for-Training Scheme Funnels Low-Wage Tech Workers to Fortune 500 Companies; Groundbreaking Class-Action Lawsuit Seeks to Void Predatory Training Repayment Agreement Provisions

The South has Something to Say: Atlanta Report

New Research Finds Majority-Black Neighborhoods in the Center of Atlanta’s Growing Student Debt Crisis

California bill aims to help students with institutional debt

CALIFORNIA: Assemblymember Pacheco Joins Coalition to Unveil the “Protecting Students from Creditor Colleges Act” on Institutional Debt

Letter in Response to the CFPB’s Proposal for a Registry of Supervised Nonbanks that Use Terms & Conditions in Form Contracts to Limit Consumers’ Rights and Protections

New Analysis Confirms Congressional Efforts to Overturn Payment Pause and Debt Relief Will Wreak Economic Havoc on Tens of Millions of Borrowers

Letter in Response to the CFPB’s Proposed Rule for a Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders

Letter in Response to the Department of Education’s Dear Colleague Letter Regarding Requirements and Responsibilities for Third-Party Servicers and Institutions

New Data Shows Guaranty Agencies Illegally Took and Failed to Refund Tens of Millions of Dollars From Borrowers After Already Getting Caught Breaking the Law

FDIC and CFPB Must Take Immediate Action to Halt SoFi’s Latest Lawbreaking Effort to Prey on Customers and Exploit the Banking Crisis

Advocates Commend U.S. Labor Department for Taking Action to Protect Workers from Predatory Employer-Driven Debt

EXPLORE MORE