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  • News Clips
    Dec 7, 2019

    Opinion: Charley Olena and Tariq Habash: Student borrowers in Colorado should have greater protections against predatory practices

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  • Blogs
    Dec 5, 2019

    Fewer Rights, Fewer Protections: Reflections on the Lack of Safeguards in Student Lending

    While policymakers strengthened consumer protections for most credit products in the wake of the financial crisis, the rights of student loan borrowers continue to lag far behind. At every step of the lending and repayment process, 44.7 million American student loan borrowers still lack the same basic rights enjoyed by consumers of credit cards, mortgages, and other common financial products.

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  • Testimony & Remarks
    Dec 4, 2019

    Testimony of Katherine Welbeck Before The Assembly Select Committee on Student Debt

    Testimony of Katherine Welbeck Before the California Assembly Select Committee on Student Debt: Student Debt Impacts on California Neighborhoods

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  • Blogs
    Dec 3, 2019

    The System is Broken: What More Than a Decade of Litigation Reveals About the State of the Student Loan Industry

    The student loan industry has repeatedly demonstrated that it is unable to do business in a fair and honest manner, these cases also reveal how the absence of enforceable, industry-specific standards for common practices has left borrowers’ vulnerable to a staggering range of abuses.

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  • Press Releases
    Nov 27, 2019

    Trump Administration’s Failure to Protect Student Loan Borrowers Underscores Need to Pass California Borrower Bill of Rights

    Given growing evidence of widespread predatory practices across the student loan industry as federal regulators are charged with failing to to their job of protecting borrowers, the organizations co-sponsoring AB 376, the California Student Borrower Bill of Rights, are doubling down on their call to the state legislature to pass this critical borrower protection legislation.

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  • Blogs
    Nov 26, 2019

    Setting the Record Straight: ED’s Failures in Student Borrower Protection

    Setting the Record Straight: ED’s Failures in Student Borrower Protection By Ben Kaufman | November 26, 2019 In October, the Department of Education (ED) and its Secretary, Betsy DeVos were held in contempt and fined $100,000 for violating a court order preventing them from illegally collecting on defrauded students’ debts. Noting that ED had breached that order 16,000 times, the judge in the case described herself as “extremely disturbed” and “astounded” by ED’s…

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  • Press Releases
    Nov 25, 2019

    Student Loan Reform Org Sues Trump Administration Agency Heads For Refusing to Supervise Student Loan Servicers

    Today, Democracy Forward, on behalf of Student Debt Crisis, sued the Trump administration for shirking their legal obligation to supervise large student loan servicers, specifically those servicing federal loans. The suit, filed against Trump-appointed Secretary of Education Betsy DeVos and CFPB Director Kathy Kraninger and their respective agencies, cites efforts by both agencies to shield large student loan servicers from scrutiny.

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  • Blogs
    Nov 22, 2019

    New Navient Investigations Shed Light on How Courts Continue to Reject DeVos’s Efforts to Shield Student Loan Companies

    DeVos and Navient are losing this fight in court. Navient is being sued by the Consumer Financial Protection Bureau and the States of Illinois, Washington, Pennsylvania, California, and Mississippi for illegal servicing practices.

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  • News Clips
    Nov 21, 2019

    Student Loan Borrowers Need More Protection—and California Is Leading the Way

    Lawmakers in California have put forward the first legislation of its kind that would create clear, enforceable protections against abuses by student loan companies.

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  • Press Releases
    Nov 6, 2019

    Student Borrower Protection Center Announces New Hires, Organization Growth

    The Student Borrower Protection Center (SBPC) is announcing the addition of six new team members to support the organization’s work to end the student debt crisis. New staff include: Tamara Cesaretti as Counsel; Rebecca Maurer as Counsel and Program Manager for the Student Loan Law Initiative; Kat Welbeck as Counsel; Moira Vahey as Communications Director; Walter Suskind as Deputy Communications Director; and Ben Kaufman as Research and Policy Analyst.

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  • Blogs
    Nov 4, 2019

    Roundup: Congress Continues to Raise Pressure on CFPB Director to Stand Up for Student Borrowers

    Recently, lawmakers have been raising the pressure on the CFPB to fight for student loan borrowers, calling on Director Kraninger to get to work. Below is a recap of lawmakers’ recent exchanges with Director Kraninger around the Bureau’s failure to stand up for student loan borrowers and the need for the agency to do its job on behalf of borrowers.

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  • Blogs
    Oct 24, 2019

    What Betsy DeVos’s Brush with the Law Reveals About Our Broken Student Loan System

    What Betsy DeVos’s Brush with the Law Reveals About Our Broken Student Loan System By Mike Pierce | October 24, 2019 Earlier this month, a federal judge in California held a hearing to consider whether Education Secretary Betsy DeVos should be held in contempt of court. At issue: student loan servicers’ and debt collectors’ continued attempts to collect money from 16,000 student loan borrowers cheated by a for-profit school, all in violation of…

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  • Blogs
    Oct 21, 2019

    Stamping out Fraud in Higher Education through the False Claims Act: “Material” Should Mean Something

    Students also look at the total cost of the program and determine whether they qualify for financial aid and student loans. In doing their homework, students generally trust the information they get from these schools or programs because they assume some government agency is making sure schools tell the truth. But maybe they shouldn’t.

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  • Blogs
    Oct 10, 2019

    SLLI Convenes Student Loan Policy and Litigation Colloquium

    On October 4th SLLI convened leading legal scholars, student loan experts, and practitioners from across the country to share their work and shape the future of student loan research and litigation.

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  • News Clips
    Oct 5, 2019

    Bill to prohibit colleges from withholding transcripts as debt collection tactic signed into law

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  • Press Releases
    Oct 3, 2019

    California Advocates Renew Call to Pass AB 376 to Protect Teachers, Nurses and other California Student Loan Borrowers

    Today, New York Attorney General Tish James sued student loan giant Pennsylvania Higher Education Assistance Agency, also known as PHEAA or FedLoan Servicing, for cheating teachers, nurses and other public service workers out of their right to loan forgiveness. In the face of mounting lawsuits and growing evidence of widespread predatory practices across the student loan industry, the organizations co-sponsoring AB 376, the California Student Borrower Bill of Rights, have renewed their call…

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  • News Clips
    Sep 25, 2019

    Student loan bill of rights protects R.I. borrowers

    Rhode Island’s new Student Loan Borrower Bill of rights aims to address servicing companies’ predatory practices by requiring loan servicers to register with the state and setting standards for their conduct.

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  • Blogs
    Sep 23, 2019

    Supporting States in the Fight to Protect Borrowers

    States are on the front lines of the student debt crisis. State legislators and policymakers are among the first to hear stories of struggling borrowers, learn about industry abuses, and spot problems and trends in communities. Many states are also playing a critical role in overseeing student loan companies and cracking down on predatory practices by enforcing consumer protection law.

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  • Blogs
    Sep 19, 2019

    Five Things We Learned About Navient’s Plot to Cheat Student Borrowers

    Yesterday, over the objections of Navient’s attorneys, a federal judge unsealed a trove of new documents revealing a years-long, coordinated effort by company executives to cheat student loan borrowers out of their rights.

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  • Press Releases
    Sep 18, 2019

    Statement by SBPC Executive Director Seth Frotman on New Evidence Revealing Navient Executives’ Plot to Cheat Borrowers

    Newly unsealed court documents reveal executives at the nation’s largest student loan company orchestrated a predatory scheme to place borrowers in high-cost repayment options to boost corporate profits. Reliance on these high-cost options, known as “forbearances,” resulted in more than $4 billion in unnecessary interest charges passed on to borrowers, according to lawsuits filed by federal and state enforcement officials.

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