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Social Security


  • News Clips
    Dec 17, 2021

    Pressure Builds on Biden Ahead of Student Loan Cliff

    In recent days, the White House has drawn widespread blowback as advocates and progressives implore the administration to push back, or forego entirely, a February date to lift a pandemic forbearance on student loan payments.

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  • Press Releases
    Dec 16, 2021

    SBPC Releases Proposals for Immediate Action to Deliver Critical Student Debt Relief

    The SBPC, as part of the Student Loan Law Initiative, released a report, Revisiting Debt Relief, featuring contributions from leading student loan experts scoring the Biden administration’s efforts to deliver student debt relief in its first year.

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  • Reports
    Dec 16, 2021

    Revisiting Debt Relief

    The SBPC, as part of SLLI, released a report featuring contributions from leading student loan experts and advocates examining the Biden Administration’s progress on its promise to deliver student relief, and offering a roadmap for what can be done in the year ahead to help borrowers.

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  • Press Releases
    Dec 10, 2021

    Statement on Record Inflation as Student Loan Payments Come Due for Millions

    In light of the planned termination of the student loan payment pause and these new economic data, SBPC Executive Director Mike Pierce released the following statement.

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  • Press Releases
    Dec 9, 2021

    SBPC Announces New Additions to Advisory Board

    The SBPC is announcing new additions to the organization’s Advisory Board. The new slate of members are nationally recognized policymakers, advocates, and experts who bring decades of consumer financial protection, higher education, and social justice expertise to support the SBPC’s mission to end the student debt crisis.

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  • News Clips
    Dec 8, 2021

    Experts, Lawmakers Call for Biden to Push Back the Return of Student Loan Payments—Again

    Today, the Student Borrower Protection Center sent a letter to President Biden alongside 207 other organizations (including the American Civil Liberties Union, the American Federation of Teachers, and the NAACP) calling for the pause to be extended. 

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  • Press Releases
    Dec 8, 2021

    Statement on the CFPB’s Publication of its Final Rule to Facilitate the Transition from LIBOR

    The CFPB announced that it finalized a rule to facilitate the financial services industry’s transition away from LIBOR. In response, SBPC Head of Investigations and Senior Policy Advisor Ben Kaufman issued the following statement.

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  • Letters & Memos
    Dec 8, 2021

    More Than 200 Organizations Urge President Biden to Delay Restarting Student Loan Payments

    In a letter to President Biden, the SBPC and over 200 organizations call on the administration to extend the pause on student loan payments scheduled to resume for millions of borrowers on January 31, 2022.

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  • Press Releases
    Dec 8, 2021

    Advocates Urge President Biden to Delay Restarting Student Loan Payments Given New Omicron Variant and Ongoing System Failures

    More than 200 organizations called on President Biden to delay restarting federal student loan payments for tens of millions of borrowers in light of the new omicron variant hampering the economy, upcoming loan transfers affecting millions of borrowers, and new data showing  that borrowers are not financially prepared to restart payments.

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  • News Clips
    Dec 8, 2021

    Over 200 Organizations Ask Biden to Continue Student Loan Pause

    Throughout the coronavirus pandemic the federal government has allowed for millions of student loan payments to be paused, but in a few short months those repayments will resume. Now, over 200 organizations are urging President Biden to extend the pause yet again.

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  • News Clips
    Dec 8, 2021

    The Student-Loan Payment Restart in 55 days Will ‘Strip’ $85 billion From 18 Million Borrowers Next Year, 3 Top Democrats Say

    On Thursday, over 200 organizations, led by the Student Borrower Protection Center, sent yet another letter to Biden calling on him to extend the pause until he fulfills his campaign promises of fixing loan forgiveness programs and cancelling student debt.

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  • Press Releases
    Dec 7, 2021

    CFPB Affirms Its Oversight of Student Loan Companies Ahead of February 1 Resumption of Federal Student Debt Payments

    The affirmed its authority to supervise large student loan servicers and stated that it “has been and will continue to conduct supervisory examinations” of large student loan servicers.

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  • News Clips
    Dec 6, 2021

    Student Loan Companies May Mislead On Loan Forgiveness, Warn Advocates

    Advocacy groups representing student loan borrowers sent out a warning on Monday that student loan servicing companies may provide misleading information to borrowers on a new expansion of a key federal student loan forgiveness program.

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  • Press Releases
    Dec 6, 2021

    Advocates Warn: Student Loan Companies Seek to Undermine PSLF Overhaul to Pad Profits

    The SBPC and a coalition of the nation’s largest unions representing millions of public service workers sent letters to large student loan companies demanding immediate action to ensure successful implementation of ED’s recent overhaul of PSLF.

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  • Letters & Memos
    Dec 6, 2021

    Advocates Demand Industry Deliver Borrowers their Right to PSLF

    SBPC and a coalition of the nation’s largest unions sent letters to 25 large student loan companies demanding immediate action to ensure successful implementation of ED’s recent overhaul of PSLF.

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  • Blogs
    Dec 1, 2021

    The Nation’s Top Consumer Watchdog Can End Predatory Practices Trapping Workers in Employer-Driven Debt

    As training repayment agreements increasingly become a more prominent contractual weapon that corporations use to restrict worker mobility, it’s time for watchdogs and policy makers at every level to take action.

    More


  • Letters & Memos
    Dec 1, 2021

    Advocates Call on the CFPB to Protect Workers Against Predatory Employer-Driven Debt

    The SBPC and the Open Markets Institute warn the Consumer Financial Protection Bureau about the risks that emerging forms of employer-driven student debt pose for workers and markets.

    More


  • News Clips
    Nov 18, 2021

    Do AI-Powered Lending Algorithms Silently Discriminate? This Initiative Aims to Find Out

    Some legal experts and computer scientists have been more wary. Just because something is a machine doesn’t mean it’s free of human biases, they say, as the use of machine learning and artificial intelligence in other areas illustrates. In the criminal justice sphere, for example, use of this type of technology was once seen as a way to reduce bias in sentencing, but now evidence indicates that the data it pulls in reproduces already present inequality. 

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  • News Clips
    Nov 17, 2021

    The Student-Loan Payment Pause Didn’t Help Most of the 7.7 Million Borrowers Who Were Behind on Federal bills at the Start of the Pandemic. 93% of Them Still Are.

    New data from the Education Department reveals that of the 7.7 million federal student-loan borrowers in the US that were behind on payments at that start of the pandemic, 93% are still behind — despite a nearly two-year pause in payments.

    More


  • Blogs
    Nov 16, 2021

    Millions of Borrowers Had a Special Chance to Exit Default During COVID. The Biden Administration Must Fix the System Failure that Led Almost None of Them to Access It.

    New data from the Department of Education (ED) paint a bleak picture of the student loan system’s failure to deliver the most financially distressed borrowers relief that they are entitled to under the law during COVID.

    More

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