NCSLT

(National Collegiate Student Loan Trusts)

Press Releases

May 6, 2024

Advocates Applaud CFPB For Taking Action Against Private Student Loan Trusts and Servicer Abuses and For Putting Money Back in the Hands of Borrowers

The CFPB action is an important reminder that private student loan borrowers are also plagued by predatory companies seeking to profit at their expense.

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Amicus Briefs

Dec 19, 2022

Amicus Brief Supporting the Consumer Financial Protection Bureau’s Right to Sue the National Collegiate Student Loan Trusts for Cheating Borrowers

On November 14, a coalition of non-profit organizations—including Student Borrower Protection Center; Community Legal Services of Philadelphia; Delaware Community Legal Aid Society; New Jersey Citizen Action; and New York Legal Assistance Group—filed an amicus brief to support the Consumer Financial Protection Bureau’s (CFPB) efforts to hold the National Collegiate Student Loan Trusts (NCSLT) accountable for unfair and deceptive conduct harming student loan borrowers.

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Reports

Aug 24, 2021

Co-Opting California Courts: How Private Creditors Have Turned the Judiciary Into a Predatory Student Debt Collection Machine

In a report, SBPC fellow Claire Johnson Raba, a SBPC fellow shows the effect of predatory private student loan collection practices on borrowers in California. With creditors dragging borrowers into court for debts they often do not owe and lacking the documents necessary to back up their claims, the report lays out the harmful long-term impacts to borrowers’ credit and finances.

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Blogs

Jul 6, 2021

California Has the Opportunity To Protect Private Student Loan Borrowers in Every Corner of the State

Right now, the 650,000 California student loan borrowers who owe more than $10 billion in private student loan debt remain vulnerable to this shocking range of harm and abuse if they fall behind. California legislators can change this.

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Blogs

Jan 15, 2021

Maryland is Poised to End the Predatory Student Loan Debt Collection Machine that Barreled on Amidst COVID-19

Despite the devastating public health and economic fallout caused by the COVID-19 pandemic, student loan companies continue to haul borrowers into courtrooms across the country. Every day, we see more of these unconscionable lawsuits, including cases brought by companies that once publicly pledged to halt these practices in the first days of the pandemic.

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Blogs

Mar 4, 2020

Maryland Stands Up to Predatory Student Loan Lawsuit Machine Targeting Borrowers of Color

This morning, we released new analysis showing how these private student loan collection practices are harming borrowers across the country—and hitting borrowers in Maryland particularly hard. Creditors are dragging Maryland borrowers into court for debt they often do not owe. Lacking the documents necessary to back up their claims, these companies are manipulating courts into garnishing borrowers’ wages for illegitimate debt.

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Older Borrowers

Latino/a Borrowers

Black Borrowers

LGBTQ+ Borrowers

Veteran Borrowers

Incarcerated Borrowers

Racial & Economic Justice