FOR IMMEDIATE RELEASE: March 8, 2021 Just 32 Students Have Received Promised Debt Cancellation as 2 Million Remain Trapped in Decades-Old Debts; Advocates Call for Immediate Action to Deliver Debt Relief and Overhaul the Department’s Program Washington, D.C. – Approximately two million student loan borrowers are currently trapped in undergraduate debts more than two decades…
FOR IMMEDIATE RELEASE: January 11, 2020 Action Center on Race and the Economy, American Federation of Teachers, Americans for Financial Reform, the Center for Law and Social Policy (CLASP), the Center for Responsible Lending, NAACP, National Consumer Law Center (on behalf of its low-income clients), Student Debt Crisis, and Young Invincibles made the following statement: …
New stimulus checks, broadband access and rental aid welcome, but foreclosure and student loan relief absent WASHINGTON, DC – Advocates welcomed the new stimulus bill passed by Congress last night, but warned that it has critical gaps that should be immediately filled by the incoming Biden Administration. “The new $600 stimulus payment, broadband aid, low-income…
Read More about Important Wins, but Unmet Needs, in New Stimulus Package
FOR IMMEDIATE RELEASE: November 23, 2020 WASHINGTON, D.C. – Today, the Center for Responsible Lending (CRL) and the National Consumer Law Center (NCLC) released a policy report illustrating a path out of the student debt crisis and proposing solutions for a more equitable and efficient higher education system. Road to Relief: Supporting Federal Student Loan…
FOR IMMEDIATE RELEASE: September 17, 2020 Boston – Today, Senators Schumer and Warren announced they are introducing a Resolution calling on the President of the United States to take executive action to broadly cancel up to $50,000 in federal student loan debt for 43 million Americans. The following is a statement by Persis Yu, National…
FOR IMMEDIATE RELEASE: JULY 27, 2020 New Republican Stimulus Bill Fails 43 Million Student Loan Borrowers Statement of Persis Yu, director of NCLC’s Student Loan Borrowers Assistance Project, in response to the COVID-19 stimulus package proposed by Senate Republicans today. “As Senator Lamar Alexander (R-Tenn.) correctly stated this past week, “[i]n less than three months,…
FOR IMMEDIATE RELEASE: JULY 15, 2020 Congress Must Act to Stop Snatching of Earned Income Tax Credits Boston – 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 Pandemic. The updated report builds on a 2018…
FOR IMMEDIATE RELEASE: June 26, 2020 National Consumer Law Center contact: Jan Kruse ([email protected]) Boston – National Consumer Law Center advocates are extremely disappointed that today Congress failed to override President Trump’s veto of Congress’s prior bipartisan vote to protect federal student loan borrowers by striking down the Department of Education’s new borrower defense regulations. The…
Comments from the Legal Aid Community to the Department of Education re: Proposed 2020 Universal Borrower Defense to Loan Repayment (BD) Form Listing of Elements
Read More about Legal Aid Comments to Proposed Listing of Elements for Borrower Defense Form
FOR IMMEDIATE RELEASE: May 20, 2020 National Consumer Law Center contacts: Jan Kruse ([email protected]) or Abby Shafroth ([email protected]) Boston – National Consumer Law Center advocates urge President Trump to join with Congress in protecting student loan borrowers hurt by school fraud and closures by signing into law the bipartisan joint resolution preserving existing borrower defense…
Washington, D.C. – Today, the U.S. House passed a $3 trillion dollar package in response to the COVID-19 crisis. In the consumer area, the bill provides desperately needed help for families dealing with the economic crisis, beyond the modest start in the previous CARES Act. In particular, the HEROES Act, HR 6800: Provides immensely needed…
The U.S. House has proposed a $3 trillion bill in response to the COVID-19 crisis that will include debt relief for student loan borrowers. The following is a statement by Persis Yu, National Consumer Law Center staff attorney and director of NCLC’s Student Loan Borrower Assistance Project: “We applaud Speaker Pelosi’s leadership in ensuring that…
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