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  1. What We Do
  2. Predatory Lending & Private Credit
  3. Private Student Lending
  4. Bankruptcy Barriers

Bankruptcy Barriers


  • Press Releases
    Mar 16, 2023

    CFPB Moves to Quash Decades-Long Industry Scheme to Rob Borrowers of Bankruptcy Rights

    CFPB releases bulletin demanding student loan servicers halt and return unlawful debt collection on loans discharged through bankruptcy.

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  • Blogs
    Mar 6, 2023

    New Research Underscores How Federal Action Protected Student Loan Borrowers During COVID—and What’s at Stake as the Supreme Court Considers Cancellation

    New research from the Student Loan Law Initiative shows that the payment pause was even more helpful and even better…

    More


  • Press Releases
    Nov 21, 2022

    200+ Organizations Call on Biden to Extend Student Loan Payment Pause and Protect Debt Relief from Political Schemes

    As Republican-appointed judges block relief from millions, federal student loan payments set to resume in fewer than 45 days, advocates…

    More


  • News Clips
    Nov 17, 2022

    Biden Administration Announces Huge Bankruptcy Changes For Student Loans

    “For years, federal student loan borrowers in financial distress have sought relief from crushing debt loads through bankruptcy courts, only…

    More


  • Press Releases
    Nov 17, 2022

    Advocates Cautiously Optimistic About Administration’s Plan to Improve Student Loan Bankruptcy

    Today, the U.S. Departments of Education and Justice announced new guidance for when the government should allow a student loan…

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  • Blogs
    Nov 3, 2022

    Did the Largest Student Loan Companies in the World Rob the IRS of Billions?

    As part of a scheme to deprive borrowers of their rights in bankruptcy, student loan companies may have also routinely…

    More


  • Press Releases
    Nov 3, 2022

    Statements on Nationwide Injunction Halting Navient’s Scheme to Rob Borrowers of their Bankruptcy Rights

    A court issued an injunction temporarily halting a years-long plot by the massive student loan company Navient to cheat borrowers…

    More


  • Blogs
    Oct 17, 2022

    The Student Loan Industry Lobbied for Laws That it Thought Would Boost Profits. Those Same Laws May Have Inadvertently Entitled Millions of Borrowers to Relief That They Were Improperly Denied During COVID-19.

    A new lawsuit may finally get relief for millions of borrowers unfairly denied relief for years, including during COVID, using…

    More


  • Blogs
    Jun 15, 2022

    ED Needs to Begin Planning Now for the Possibility of a Large OPM Blowing Up

    Given problems at 2U, ED needs to lay the groundwork now to ensure that student loan borrowers have a clear…

    More


  • Press Releases
    Jun 9, 2022

    Statement on Groundbreaking Washington State Lawsuit Against Scam Tech Sales Bootcamp Engaged in Predatory Student Lending Scheme Bootcamp

    Yesterday, Washington Attorney General Bob Ferguson filed a lawsuit against the disgraced online tech sales bootcamp Prehired, LLC and its…

    More


  • Letters & Memos
    Jun 2, 2022

    Borrower Voices on the Incomplete Promise of Relief through IDR: Bankruptcy Forbearance

    This memo explores how to fully remedy the administrative failures and servicer misconduct around IDR.

    More


  • Blogs
    Feb 28, 2022

    A Predatory School is Dragging 290 Defrauded Students into Court in the Latest Example of the Exploitative State of the Income Share Agreement Market

    It is long past due for policymakers, regulators, law enforcement, and Congress to hold ISA providers and the bootcamps that…

    More


  • Blogs
    Jan 20, 2022

    An Industry-Wide, $50 Billion Scheme Stole Private Student Loan Borrowers’ Bankruptcy Rights

    An SBPC investigation uncovers a decades-long scheme by the student loan industry aimed at blocking borrowers from accessing their full…

    More


  • Press Releases
    Jan 20, 2022

    SBPC Investigation Uncovers Decades-Long Student Loan Industry Scheme to Deprive Millions of Private Student Loan Borrowers of Bankruptcy Rights

    Based on a comprehensive review of securities filings, student loan promissory notes, and government data, SBPC estimates that $50 billion…

    More


  • Reports
    Jan 20, 2022

    Morally Bankrupt: How the Student Loan Industry Stole a Generation’s Right to Debt Relief

    This report investigates a decades-long scheme by the student loan industry to rob borrowers of their right to debt relief…

    More


  • News Clips
    Jan 20, 2022

    $50 Billion of Student Debt Could Be Entitled to Automatic Cancellation in Bankruptcy But Borrowers May Not Know About It

    “The SBPC, a Washington D.C.-based advocacy group for student borrowers, estimates that a total of about $50 billion of such…

    More


  • News Clips
    Jan 20, 2022

    2.6 Million Student-Loan Borrowers Could Get Rid of Their Debt by Declaring Bankruptcy — But Major Companies are Blocking That

    “On Thursday, the Student Borrower Protection Center (SBPC) released a report that found 2.6 million borrowers with private student debt…

    More


  • News Clips
    Jan 20, 2022

    $50 Billion of Student Debt Could be Wiped Away in Bankruptcy, Report Says

    “A new report indicates that as much as $50 billion in debt, colloquially referred to as private student loans and held by…

    More


  • Blogs
    Mar 24, 2020

    Student Loan Law Initiative Hosts First Student Loan Law Review Symposium

    On February 21, 2020, legal scholars and advocates from around the country gathered at the campus of UCI School of…

    More


  • Blogs
    Mar 6, 2020

    Are Millions of Student Loan Borrowers About to Pay for Banks’ LIBOR Fraud?

    The Student Borrower Protection Center, Americans for Financial Reform Education Fund, the National Community Reinvestment Coalition, and the National Consumer…

    More

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