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Social Security


  • Investigations
    Nov 4, 2022

    Collections Catastrophe: Appendices

    Spurred by litigation, in late 2021 ED released roughly 2,000 pages of reports, communications, and other records concerning its management of the AWG program during COVID.

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  • News Clips
    Nov 4, 2022

    Rohit Chopra is cracking down on big banks and Big Tech — and business groups claim he’s out of control

    “This was the moment that people in Washington started to take student debt seriously,” Pierce said. Chopra’s agenda-setting work in those days, he said, helped shape monumental changes in the student-loan market over the next decade–including the Biden administration’s announcement this summer on student debt cancellation. 

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  • Investigations
    Nov 4, 2022

    Navient FFELP delinquency as of September 2022

    Check out our data visualization of delinquencies on securitized FFELP debt surge.

    More


  • Blogs
    Nov 3, 2022

    Did the Largest Student Loan Companies in the World Rob the IRS of Billions?

    As part of a scheme to deprive borrowers of their rights in bankruptcy, student loan companies may have also routinely made misrepresentations on tax filings and drove student loan borrowers make false statements on tax forms.

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  • Press Releases
    Nov 3, 2022

    Statements on Nationwide Injunction Halting Navient’s Scheme to Rob Borrowers of their Bankruptcy Rights

    A court issued an injunction temporarily halting a years-long plot by the massive student loan company Navient to cheat borrowers out of their right to loan discharge in bankruptcy.

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  • Press Releases
    Oct 28, 2022

    Student Loan Law Initiative Launches New Round of Funding for Groundbreaking Research, New Platform for Emerging Scholars to End the Student Debt Crisis

    SLLI is announcing a new round of grant funding to support researchers interested in tackling the student debt crisis and a program to assist emerging scholars in a range of fields interested in conducting novel student loan research.

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  • News Clips
    Oct 25, 2022

    Biden student debt relief in legal limbo, but advocates urge people to keep applying

    “The most important thing is that people apply for debt relief. Nothing has changed,” Mike Pierce, executive director and co-founder of the Student Borrower Protection Center, told ABC News. “The fact that the application is open, it is simple, it works, it is easy, and the administration is putting the building blocks in place to be able to press the button and cancel everybody’s debts as soon as they’re able to do so?…

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  • News Clips
    Oct 25, 2022

    Deadline Nearing, White House Plans Wider Changes to Public Service Student Loan Relief

    The changes announced Tuesday “are good news for borrowers,” said Mike Pierce, the executive director of the Student Borrower Protection Center, an advocacy group. “The administration realized that the system was bending under the deadline, and they found a way forward for most people.”

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  • Press Releases
    Oct 25, 2022

    Biden Administration Listens to Borrowers, Grants Last-Minute Reprieve to Millions of Public Service Workers With Student Debt; Action Still Leaves Many Without Path to Debt Relief

    Most benefits of the PSLF Waiver, set to expire on Halloween, have been extended for millions of workers through planned overhaul of Income-Driven Repayment.

    More


  • Letters & Memos
    Oct 25, 2022

    Letter to the Consumer Bankers Association

    In a letter to the Consumer Bankers Association, advocates demand that the organization abandon its bad-faith legal action against the Consumer Financial Protection Bureau.

    More


  • Press Releases
    Oct 25, 2022

    Advocates Demand Consumer Bankers Association Abandon its Shameful Crusade to Defend Discrimination

    The SBPC, Americans for Financial Reform Education Fund, the Debt Collective, Center for Responsible Lending, and Student Debt Crisis Center sent a letter to the Consumer Bankers Association demanding that it abandon its bad-faith legal action against the CFPB.

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  • News Clips
    Oct 24, 2022

    Student Loan Forgiveness Lawsuits: What to Know About the Legal Challenges

    “We have a politically motivated lawsuit about whether or not MOHELA’s right to make money is more important than the borrower’s right to get relief,” says Yu, a sentiment echoed by many student debt cancellation advocates, including Missouri congresswoman Cori Bush. It puts the financial interests of entities like MOHELA ahead of the interests of student loan borrowers, says Yu.

    More


  • News Clips
    Oct 22, 2022

    Hours-long hold times with their student-loan company are keeping public servants in a ‘limbo period’ wondering if they’ll get the debt relief they qualify for

    Aissa Canchola Bañez, senior advisor for policy and strategy at advocacy group Student Borrower Protection Center, told Insider that borrowers experiencing these challenges should be filing complaints with the Education Department. “The best way that we can change these practices is shedding light on just how egregious and how systemic some of these servicing failures are on MOHELA’s part,” she said.

    More


  • News Clips
    Oct 21, 2022

    Biden’s student-loan forgiveness can move forward for now after a federal judge just threw out one of the most serious GOP lawsuits against the debt relief

    “Today, a federal judge confirmed what lawyers in and out of government have long known: Joe Biden can cancel student debt broadly and immediately,” Mike Pierce, executive director of advocacy group Student Borrower Protection Center, said in a statement. “As right-wing politicians and corrupt corporations fight against this historic effort to deliver life-changing debt relief to tens of millions of families, borrowers have their clearest sign yet that the law is on their…

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  • Press Releases
    Oct 20, 2022

    In Victory for Student Loan Borrowers, Federal Judge Rejects Major Legal Challenge to Student Debt Relief

    Student Borrower Protection Center leadership praise ruling dismissing right-wing scheme to block student debt relief for 40 million Americans.

    More


  • Press Releases
    Oct 20, 2022

    SBPC Statement on 5th Circuit Decision Regarding CFPB’s Funding

    Mike Pierce, executive director of the Student Borrower Protection Center pushes back on reactionary court decision that abandons working people.

    More


  • News Clips
    Oct 18, 2022

    Everything to know to apply for student loan forgiveness

    “This additional relief for Pell borrowers is also an important piece of racial equity in cancellation,” said Kat Welbeck, Civil Rights Counsel for the Student Borrower Protection Center. “Because student debt exacerbates existing inequities, the racial wealth gap means that students of color, especially those that are Black and Latino, are more likely to come from low-wealth households, have student debt, and borrow in higher quantities.”

    More


  • News Clips
    Oct 18, 2022

    More U.S. companies charging employees for job training if they quit

    More


  • Press Releases
    Oct 17, 2022

    SBPC on the Launch of Biden’s Historic Student Debt Cancellation Application

    The door to transformational debt relief is now officially open, millions have already walked through it and we must ensure no borrower is left behind.

    More


  • Blogs
    Oct 17, 2022

    The Student Loan Industry Lobbied for Laws That it Thought Would Boost Profits. Those Same Laws May Have Inadvertently Entitled Millions of Borrowers to Relief That They Were Improperly Denied During COVID-19.

    A new lawsuit may finally get relief for millions of borrowers unfairly denied relief for years, including during COVID, using a law that lenders themselves lobbied for to boost their profits.

    More

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