Latest Student Loan News
What Would Student Loan Cancellation Mean to You?
December 17, 2020
Today, Congresswoman Pressley, in partnership with Congresswomen Omar and Adams and Chairwoman Maxine Waters, introduced a House companion to Senators Schumer and Warren resolution calling upon President-Elect Biden to cancel […]
Continue Reading →UPDATED DECEMBER 2020: The Presidential Memorandum to Extend The Student Loan Payment Suspension: What it Does and How it Falls Short
December 08, 2020
On Saturday, August 8th, President Trump signed a presidential memorandum directing the Secretary of Education to extend a payment suspension and stop interest accrual for all student loans held by the […]
Continue Reading →President-Elect Biden’s Student Loan Promises Could Improve the Lives of Millions of Low-Income Americans
December 08, 2020
On the campaign trail, President-Elect Biden made a number of student loan promises that would alter the lives of millions of Americans. In response to the COVID-19 crisis, he promised […]
Continue Reading →House Passes Bill That Would Save Borrowers From Impending Repayment Cliff
October 07, 2020
Late last week, the House passed an amended version of the HEROES Act, which included a number of critical protections that student loan borrowers need now. Importantly, the amended bill […]
Continue Reading →Precautions Borrowers Can Take If They Are Taking Out Loans After July 1, 2020
August 17, 2020
On July 1, 2020 the Department of Education’s newest borrower defense rules went into effect and made it much harder for defrauded borrowers to get loan relief. The Department of […]
Continue Reading →Critical Protections Congress Should Provide to Vulnerable Student Loan Borrowers in the Next Coronavirus Package
July 27, 2020
This week, Congress is ramping up its debate about what protections it should extend as student loan borrowers continue to weather the Coronavirus crisis. These protections cannot come soon enough; […]
Continue Reading →Updated Report on Seizing Student Loan Borrowers’ Earned Income Tax Credits
July 15, 2020
Today on this Tax Day, the National Consumer Law Center (NCLC) has released Voices of Despair: How Seizing the EITC Is Leaving Student Loan Borrowers Homeless and Hopeless During a […]
Continue Reading →PART 2: Impact of Secretary DeVos’s Borrower Defense Rules on Existing Borrowers
July 07, 2020
Last Wednesday, the DeVos administration’s watered-down borrower defense rules went into effect. This set of regulations, established by the Obama administration in 2016, created a process for borrowers to ask […]
Continue Reading →PART 1: Department’s 2019 Rules Go Into Effect Today, Putting Relief Out of Reach For Many Borrowers Taking Out New Loans After July 1
July 01, 2020
Today, new U.S. Department of Education (the Department) regulations will go into effect, erasing many of the protections students had against school fraud. These regulatory changes could not have come […]
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