Department of Education Outlines Stronger Protections for Student Loan Borrowers in Default
NCLC and New America Foundation Applaud Protection of Social Security Benefits from Seizure to Collect Student Debt
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NCLC Statement in Response to Department of Education Loan Relief For Additional Students Harmed By Their School
The Biden administration announced that it will provide $5.75 billion in relief to over 345,880 borrowers with outstanding loans borrowed to attend Ashford University, Drake College of Business, and schools owned by the Center for Excellence in Higher Education (CEHE).
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Opposition to HR 6951, the College Cost Reduction Act
This bill would significantly weaken or repeal many important federal student loan protections, particularly those critical for low-income student loan borrowers.
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CNBC: Here’s how an 86-year-old grandmother got her nearly $32,000 private student loan debt forgiven
Appearing in CNBC on November 2, 2024, Annie Nova talks to NCLC staff attorney Anna Anderson about the difficult process disabled borrowers face when navigating the student loan debt forgiveness process. “Even the borrowers who allegedly have access to it, it’s still very, very difficult for them to actually seek and receive a discharge.” Anna…
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New Rules Provide Relief to Student Loan Borrowers Facing Long-Term Financial Hardship
BOSTON – Today, the Department of Education announced it would be proposing new rules to provide relief to federal student loan borrowers based on financial hardship, consistent with the recommendations of a federal rulemaking committee. Kyra Taylor, staff attorney at the National Consumer Law Center and member of the rulemaking committee, issued the following statement…
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The Growing Impact of Student Loan Debt on Older Adults
A new fact sheet from NCLC and the New America Foundation examines the problem and provides policy solutions to protect the financial security of older adults with student loan debt.
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