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Social Security


  • Press Releases
    Aug 31, 2020

    California Borrower Advocates Call on Governor Newsom to Sign the Student Borrower Bill of Rights Into Law

    Following approval by the California State Assembly, the Student Borrower Bill of Rights is being sent to Governor Gavin Newsom.

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  • Blogs
    Aug 28, 2020

    Relief Denied: Surveying Breakdowns in Pandemic Relief for Student Loan Borrowers

    We want to better understand the pain points student loan borrowers are facing when navigating their finances amid the coronavirus pandemic. That is why we are encouraging borrowers to share their stories by participating in our new survey aimed at identifying where these widespread errors and breakdowns are occurring in the student loan system.

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  • News Clips
    Aug 28, 2020

    PayPal cracks down on for-profit ‘schools’ misrepresenting PayPal Credit

    “We have already begun taking action against some of the entities mentioned in the letter that have been found to be using inaccurate or misleading messaging/characterization of our products,” PayPal spokesperson Joe Gallo stated, referring to the letter sent last week from the Student Borrower Protection Center (SBPC), Americans for Financial Reform, Student Debt Crisis and Allied Progress to PayPal CEO Daniel Schulman.

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  • News Clips
    Aug 27, 2020

    50 Organizations Call For Student Loan “Bill Of Rights”

    “Even before the current COVID-19 pandemic, student loan borrowers struggled with a predatory student loan servicing industry that knowingly misleads borrowers to increase its profits,” the coalition of organizations wrote in a letter to the Massachusetts state legislature. “With the increased financial instability brought by the present pandemic-induced economic crisis, it is more important than ever that borrowers know their rights, [and] are protected by strong consumer guidelines… In tumultuous times, taking action…

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  • News Clips
    Aug 22, 2020

    Consumer Groups Take PayPal to Task Over Student Loan Credit Line

    “All of these facets create a very questionable and predatory financing product,” said Seth Frotman, executive director of the Student Borrower Protection Center, a nonprofit advocacy group started by former members of the federal Consumer Financial Protection Bureau staff. The credit line illustrates an increasing use of “shadow” student loan debt, he said — funds borrowed for education outside traditional student lending options.

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  • Investigations Letters & Memos
    Aug 21, 2020

    Advocates Sound Alarm on PayPal’s Education Financing Partnerships with Over 150 For-Profit Schools

    SBPC, Allied Progress, Americans for Financial Reform, and Student Debt Crisis sent letters to the CEO of PayPal, Inc. and its regulators warning that the tech firm may be driving significant harm to borrowers attending for-profit schools.

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  • Press Releases
    Aug 21, 2020

    PayPal’s Partnerships With Over 150 For-Profit Schools Drive Students to Take on High-Cost Education Debt, Advocates Warn

    An SBPC investigation found that PayPal Credit, a high-cost, digital credit product, is offered by over 150 for-profit schools as a means for students to finance tuition.

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  • Deep Dives
    Aug 19, 2020

    Deep Dive: Quantifying and Addressing the Student Debt Crisis in the Bay Area

    The following SBPC Deep Dive examines how the student debt crisis has affected the Bay Area in California, and the affordable repayment options that borrowers are entitled to under the law, like Income-Driven Repayment, are not reaching those most in need.

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  • Press Releases
    Aug 18, 2020

    Advocacy Groups Call on California Lawmakers to Pass the Student Borrower Bill of Rights

    More than 70 supporters, 57 state and national civil rights, higher education, and consumer advocacy organizations sent a letter to California Senators, urging passage of the Student Borrower Bill of Rights (AB 376, Stone).

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  • News Clips
    Aug 18, 2020

    Ruiz Bill to Curb Forced Arbitration in Educational Enrollment Contracts Clears Committee

    More


  • Blogs
    Aug 17, 2020

    New Department of Education Data Uncovered by Senator Murray Reveals How the Promise of Public Service Loan Forgiveness is Being Broken in Every State

    Thanks to new evidence obtained by U.S. Senator Patty Murray, we are finally beginning to understand in detail how many people across the country are being denied PSLF.

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  • Press Releases
    Aug 14, 2020

    Civil Rights and Advocacy Groups Call on California Lawmakers to Pass the Student Borrower Bill of Rights

    23 state and national civil rights and advocacy organizations sent letters to California Senate leadership, urging them to pass the Student Borrower Bill of Rights.

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  • Press Releases
    Aug 13, 2020

    Amid Lawsuit, DeVos Contradicts Kraninger on Oversight of Federal Student Loan Servicers

    Education Secretary Betsy DeVos’ recent response to a Senate Appropriations Subcommittee reveals that, contrary to the CFPB’s claims to Congress and a federal court, the CFPB and Department of Education are not currently conducting joint examinations of large federal student loan servicers.

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  • Reports
    Aug 12, 2020

    SBPC and AFT Investigation on Mismanagement and Abuse on Scandal-Plagued Public Service Loan Forgiveness Program

    The SBPC and AFT expose new instances of mismanagement and abuse in the Public Service Loan Forgiveness Program.

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  • Press Releases
    Aug 12, 2020

    AFT and SBPC Uncover New Evidence of Mismanagement and Abuse in Scandal-Plagued Public Service Loan Forgiveness Program

    AFT and the SBPC released an investigative report exposing new instances of mismanagement and abuse in the scandal-plagued Public Service Loan Forgiveness program.

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  • FOIAs
    Aug 11, 2020

    ECF FOIA documents

    In response to requests filed under the Freedom of Information Act, FSA produced more than 9,200 pages of documents and records about the process for certifying public service employment.

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  • Blogs
    Aug 11, 2020

    The Internal Government Communications and Records Exposing the Broken Employer Certification Process

    In conjunction with the release of the report, “Broken Promises: Employer Certification Failure,” the SBPC released two new sets of documents and records that have never before been available to the public.

    More


  • Press Releases
    Aug 10, 2020

    Statement from SBPC Executive Director on President Trump’s Action on Student Loan Payments and COVID-19

    Student Borrower Protection Center Executive Director Seth Frotman released the following statement on President Trump’s Memorandum on student loan borrowers and coronavirus relief.

    More


  • Blogs
    Aug 7, 2020

    How Private Student Loans are Furthering Racial Disparities in the Student Loan Market

    Despite industry assurances that the private student loan market is free from borrower distress, a closer examination of outcomes suggests that certain subsets of borrowers disproportionately struggle with private student debt—namely, Black and Latinx borrowers.

    More


  • Reports
    Aug 4, 2020

    Applying State Consumer Finance Laws to Income Share Agreements

    This paper surveys state consumer finance and consumer protection laws to examine their application to ISAs.

    More

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