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Social Security


  • Blogs
    Jun 15, 2020

    States are Leading the Fight to End the Student Debt Crisis

    The SBPC is proud to be part of a growing movement of advocates reaching from coast to coast — consumer groups, grassroots organizers, labor organizations, elected officials, law enforcement, and regulators — who have thoughtfully and tenaciously taken critical steps to stand up for the millions of Americans with student loan debt.

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  • News Clips
    Jun 11, 2020

    Ohio’s punitive student debt collection hurting thousands trying to advance their futures. It must end.

    The Ohio legislature has the chance to pass two common-sense bills that would provide a boost to Ohioans trying to pursue an education and strengthen our economy, especially now as we emerge from the coronavirus pandemic.

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  • Blogs
    Jun 11, 2020

    Student Loan Repayment During COVID

    Here borrowers will find resources that can help guide them on options related to their student loans during the pandemic.

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  • Blogs
    Jun 8, 2020

    Amid the Coronavirus, Struggling Private Student Loan Borrowers Pause Payments without a Path to Get on Track

    The private student loan market is extremely opaque and lacks many of the key reporting requirements present in other areas of consumer finance—in fact, some participants share critical information on borrower outcomes with only their most elite clients. However, indirect sources such as the disclosures from Student Loan Asset Backed Securities (“SLABS;” investment vehicles backed by student loans) point to a massive spike in borrowers recently becoming unable to make their payments.

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  • Letters & Memos
    Jun 4, 2020

    Letter: Advocates Oppose “Liability Shields” for Colleges Related to the Coronavirus Pandemic

    In a letter sent to the U.S. Senate Committee on Health, Education, Labor and Pensions, advocates, led by the SBPC and Americans for Financial Reform, oppose any effort to shield colleges from legal liability if they fail to protect the health and safety of students and workers.

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  • Press Releases
    Jun 1, 2020

    Advocates File Complaint with Federal Trade Commission, Urge Enforcement Action Against Vemo Education for Its Deceptive Marketing of Income-Share Agreements to Students

    The National Consumer Law Center and the Student Borrower Protection Center filed a complaint with the Federal Trade Commission (FTC) urging it to investigate Vemo Education, Inc. (Vemo) for unfair and deceptive business practices under the Federal Trade Commission Act in the marketing and promotion of income-share agreements (ISAs) for students at certain universities.

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  • Lawsuits
    May 31, 2020

    SBPC and NCLC File FTC Complaint Against Vemo Education for Deceptive Marketing Practices

    In a complaint to the Federal Trade Commission, the Student Borrower Protection Center and the National Consumer Law Center urged the Federal Trade Commission to investigate Vemo Education, Inc. for unfair and deceptive business practices in its marketing and promotion of income share agreements (ISAs) for students.

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  • Letters & Memos
    May 29, 2020

    SBPC and Coalition Partners Warn of Continued Consumer Risk and Dangerous Stakeholder Complacency in the Transition Away from LIBOR

    SBPC, Americans for Financial Reform Education Fund, and the National Consumer Law Center sent a letter to the Alternative Reference Rates Committee, which is managing the transition away from LIBOR, raising key borrower protection concerns.

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  • Blogs
    May 22, 2020

    The Secret Price of Student Debt Shows Why We Need A Student Debt Stimulus for Everyone

    New evidence underscores the importance of broad-based student debt cancellation in reducing the economic drag this debt imposes on American families’ financial lives. This is more important than ever if we are trying to get our economy back on track.

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  • Reports
    May 21, 2020

    Federalism to the Rescue

    Today, the Student Borrower Protection Center released new research developed as part of its Student Loan Justice Fellowship Program to help answer this question. The report, written by SBPC fellow Brian Shearer, builds a case for how states can oversee the nonbank companies at the center of the $1.6 trillion student loan market. The report also offers a path forward for states to oversee other critical nonbank financial institutions that play large roles…

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  • Blogs
    May 21, 2020

    A Roadmap for States to Protect Borrowers

    The report, written by SBPC fellow Brian Shearer, builds a case for how states can oversee the nonbank companies at the center of the $1.6 trillion student loan market. The report also offers a path forward for states to oversee other critical nonbank financial institutions that play large roles in our consumer financial markets.

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  • Lawsuits
    May 20, 2020

    Credit Reporting Complaint Against Great Lakes, Equifax, TransUnion, and Experian

    Individuals representing a class of millions of student loan borrowers sued Great Lakes and the three national credit reporting agencies for unlawfully reporting borrowers’ student loan payments in violation of the CARES Act.

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  • Press Releases
    May 20, 2020

    Great Lakes, Equifax, TransUnion, and Experian Sued for Damaging Millions of Student Loan Borrowers’ Credit, Mishandling Pandemic Relief

    Today, individuals representing a class of millions of student loan borrowers sued five of the nation’s largest financial companies for illegally damaging borrowers’ credit and mishandling CARES Act pandemic relief.

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  • News Clips
    May 20, 2020

    Debt from an unfinished college year almost kept me from getting back on the college track. Ohio can fix this: Brandon Copeland

    We keep hearing that we may have to accept a new normal going forward. However, when it comes to helping Ohioans pursue their education, a new normal can — and should — be a good thing.

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  • Press Releases
    May 15, 2020

    California Borrowers Advocates Respond to Governor’s May Revise and Urge Consumer Protections for Student Loan Borrowers in the Wake of COVID-19

    Today, the Campaign for California Borrowers Rights responds to the Governor’s May Revision of the state Budget and urges the Legislature to pass The Student Borrower Bill of Rights.

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  • Reports
    May 15, 2020

    The Secret Price Tag of Student Debt

    This report, by the SBPC and the Credit Builders Alliance, highlights the secret price student loan borrowers pay for common consumer credit products like a mortgage, auto loan, or credit card. Using novel consumer reporting agency data, the report shows how student debt affects borrowers’ experience with other consumer financial products.

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  • Press Releases
    May 15, 2020

    New Research Shows Student Debt’s Secret Price Tag

    The Student Borrower Protection Center (SBPC) and Credit Builders’ Alliance (CBA) released new research revealing the secret price American families pay when taking on student debt.

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  • News Clips
    May 14, 2020

    Student debt task force meets for first time amid pandemic

    “The most important thing for you all to keep in mind is that September 30 isn’t all that far away,” Frotman said. “And on that day, the Department of Education and it’s handful of student loan companies are responsible for turning back on 35 million accounts. What really concerns me is, we have kind of seen this before, where this is kind of what happens after natural disasters like hurricanes. The government will…

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  • News Clips
    May 13, 2020

    Evers’ task force on student debt meets for first time

    One person, from the Student Borrower Protection Center, said even with the freezes the federal government has put on student loans right now, student debt has been and will continue to be an issue, if not get worse. That’s just one piece of what the group will talk about and eventually try to solve. “Our goal is really to come up with a set of workable, practical, implementable solutions that we can put…

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  • Blogs
    May 6, 2020

    For-Profit School Accountability

    States have the power to fight back against the abuses perpetrated by for-profit colleges. States can use their long-standing authorities to protect their residents from being swindled by this multi-billion dollar industry. Read below to see all of the ways states are holding the for-profit school industry accountable.

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