Social Security

Aug 18, 2020

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

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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.

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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.

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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.

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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.

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Blogs

Aug 4, 2020

The Role of States in Protecting Students in the ISA Market

A new report finds that while ISAs are a relatively recent development in the student loan market, they share important common features with well-established loan products and fall squarely within those statutes.

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Letters & Memos

Aug 4, 2020

SBPC and Partners Urge CFPB to Protect Borrowers During LIBOR Transition

SBPC, the National Consumer Law Center, and Americans for Financial Reform, call on the CFPB to better protect consumers during the transition away from LIBOR.

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Press Releases

Aug 3, 2020

The Student Loan Law Initiative Announces Six New Research Grant Awards to Leading Experts for Developing Solutions to the Student Debt Crisis

SBPC and UCI Law partnership is building foundational research on student loan debt in order to arm advocates, policymakers, and legislators.

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News Clips

Jul 31, 2020

Senate Democrats raise concerns about educational redlining in student lending

To that end, Democrats are citing a recent study by the Student Borrower Protection Center that analyzed the educational data from Upstart. Researchers searched Upstart for rates for applicants with identical credit profiles across a range of higher-education sectors, including Hispanic-serving institutions and historically black colleges and universities.

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Blogs

Jul 31, 2020

Fintech Lenders’ Responses to Senate Probe Heighten Fears of Educational Redlining

The SBPC found that the company’s use of this data resulted in ‘educational redlining,’ penalizing borrowers who attended minority-serving institutions. Upstart’s practices highlight key problems related to the use of educational criteria in underwriting, federal fair lending laws, and equal credit access.

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Blogs

Jul 31, 2020

Broken Promises: Investigating the Department of Education’s Employer Certification Process

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

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Press Releases

Jul 30, 2020

NAACP Legal Defense and Education Fund and Student Borrower Protection Center Send Letter to Financial Technology Firm over Equal Credit Opportunity Act and Fair Housing Act Violations

The NAACP Legal Defense and Educational Fund, Inc. (LDF) and the SBPC sent a demand letter to financial technology firm Upstart explaining how the firm’s algorithm likely violates the Equal Credit Opportunity Act and the Fair Housing Act.

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Press Releases

Jul 28, 2020

56 Organizations Join in Opposition to Senate Bill that Fails to Protect Student Borrowers

The SBPC joined 55 other organizations in submitting a letter to Senate leadership in opposition to the Safely Back to School and Back to Work Act released yesterday.

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Reports

Jul 28, 2020

Solving Student Debt or Compounding the Crisis?: Income Share Agreements & Fair Lending Risks

This paper examines how the antidiscrimination framework underpinning federal and state fair lending laws apply to Income Share Agreements, with a particular focus on the Equal Credit Opportunity Act

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

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

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

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

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

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

ECF FOIA documents

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

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

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

Applying State Consumer Finance Laws to Income Share Agreements

The Role of States in Protecting Students in the ISA Market

SBPC and Partners Urge CFPB to Protect Borrowers During LIBOR Transition

The Student Loan Law Initiative Announces Six New Research Grant Awards to Leading Experts for Developing Solutions to the Student Debt Crisis

Senate Democrats raise concerns about educational redlining in student lending

Fintech Lenders’ Responses to Senate Probe Heighten Fears of Educational Redlining

Broken Promises: Investigating the Department of Education’s Employer Certification Process

NAACP Legal Defense and Education Fund and Student Borrower Protection Center Send Letter to Financial Technology Firm over Equal Credit Opportunity Act and Fair Housing Act Violations

56 Organizations Join in Opposition to Senate Bill that Fails to Protect Student Borrowers

Solving Student Debt or Compounding the Crisis?: Income Share Agreements & Fair Lending Risks

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