Latest Student Loan News

House Passes Bill That Would Save Borrowers From Impending Repayment Cliff

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 […]
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Precautions Borrowers Can Take If They Are Taking Out Loans After July 1, 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 […]
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Critical Protections Congress Should Provide to Vulnerable Student Loan Borrowers in the Next Coronavirus Package

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; […]
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Updated Report on Seizing Student Loan Borrowers’ Earned Income Tax Credits

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 […]
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PART 2: Impact of Secretary DeVos’s Borrower Defense Rules on Existing Borrowers

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 […]
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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

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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ICYMI: President Trump Vetoed Congress’s Bipartisan Vote to Repeal Department of Education’s 2019 Regulations

On March 11, 2020, Congress passed a bipartisan resolution to preserve student loan borrower protections put in place in 2016 (often called the “borrower defense rule or rules”) and to […]
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Help For Private Student Loan Borrowers During Covid-19 Crisis

Some states are taking action to help borrowers with private student loan debt in addition to other general debt relief steps. A number of state attorney general offices have reached […]
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Borrower Asks Court to Order Secretary DeVos to Immediately Stop All Wage Garnishments

The U.S. Department of Education (Department) continues to garnish the wages of student loan borrowers despite some efforts to comply with the law. One of those borrowers is Craigory Lee […]
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