Shutting Down the Department of Education Threatens Students and Working Families Who Rely on Federal Student Aid
Move threatens chaos for 40 million student loan borrowers and jeopardizes access to education.
Newsroom
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NBC News: Some student loan payments skyrocket as millions of income-based payment plans halted
Airing on NBC News Now on March 13, 2025, Abby Shafroth, co-director of advocacy and director of the Student Borrower Protection Center at NCLC, discusses the impact to borrowers of recent changes to income-based payment plans.
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The New York Times: Buying a Home? Without the Consumer Bureau, You Need to Be Your Own Watchdog.
Originally appearing in The New York Times on March 7, 2024, Ann Carnns talks to NCLC Senior Attorney Alys Cohen about how the CFPB had kept a close eye on mortgage lenders, but now, with the bureau hobbled, consumers should take several steps, starting with shopping for the best mortgage rates. The bureau had effectively…
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The New York Times: Buying a Car? Trump’s Tariffs Could Make It More Expensive.
Appearing in The New York Times on March 14, 2025, Ann Carnns talks to NCLC Senior Attorney John Van Alst about the impact of trade tariffs on the cost of cars and the buying process. “Buying a car is always a tricky thing to do,” and uncertainty around the impact of tariffs “really makes it…
Read More about The New York Times: Buying a Car? Trump’s Tariffs Could Make It More Expensive.
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CNBC: What the Department of Education layoffs could mean for student loan borrowers: ‘This will only make things worse,’ activist says
Appearing in CNBC on March 13, 2025, Kamaron McNair talks to NCLC Co-director of Advocacy Abby Shafroth about proposed layoffs and changes to repayment programs at the Department of Education. “If we’re talking about not just changing the servicing, but entirely transferring all operations management of the [student loan] program from one federal agency to…
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NBC News: How consumers can protect their finances as federal safeguards crumble
Appearing in NBC News on March 11, 2025, J.J. McCorvey talks to NCLC Associate Director Lauren Saunders about what people can do to protect their financial interests as the current administration moves to shut down the Consumer Financial Protection Bureau (CFPB). “If they’re not looking out for you and making sure that your credit cards…
Read More about NBC News: How consumers can protect their finances as federal safeguards crumble
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