Of the 44 million student loan borrowers, nearly one in five is currently in default on one or more federal student loans. The consequences of federal student loan default—such as wage garnishment, offset of federal benefits and tax refunds (including the Earned Income Tax Credit), and for some borrowers, a federal lawsuit—are devastating. A judgment…
We applaud many of ED’s proposals to ensure that incarcerated individuals’ renewed Pell Grant eligibility yields the most benefit to them and is not abused by predatory for-profit institutions. However, we urge ED to, at a minimum, automatically enroll all defaulted incarcerated borrowers in Fresh Start. We also urge ED to create a long-term automatic…
Even before COVID-19, student loan borrowers struggled under the weight of more than $1.6 trillion in debt. One in four borrowers was in default or serious delinquency, and many worried about their ability to make student loan payments while covering other basic needs. Because of decades of structural inequities and discrimination, student loans have burdened…
This testimony’s focus is on the discharge of student loans in bankruptcy
September 1, 2022 Open Public Service Loan Forgiveness Q&A session with NCLC Staff Attorney Kyra Taylor and Federal Student Loan Ombudswoman Bonnie Latreille. Speakers: Kyra Taylor, National Consumer Law Center Bonnie Latreille, U.S. Department of Education
Watch Recording Read More about Legal Aid Staff FAQ on Public Service Loan Forgiveness
Key differences between the 2016 and 2019 Borrower Defense rules.
Read More about Top 10 Ways the New Borrower Defense Rule Is Worse for Borrowers
A bill to amend the Higher Education Act of 1965 to halt collection of certain student loans, and for other purposes.
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