FOR IMMEDIATE RELEASE: MAY 4, 2021 Washington, D.C. – The U.S. Department of Education has appointed Richard Cordray, former director of the Consumer Financial Protection Bureau and Ohio Attorney General, as Chief Operating Officer of the Department’s Federal Student Aid, which oversees $1.6 trillion in outstanding federally-backed student loans held by more than 45 million…
FOR IMMEDIATE RELEASE: March 30, 2021 WASHINGTON, D.C. — Today, the National Consumer Law Center and the Student Borrower Protection Center released the following statements in response to an announcement by the U.S. Department of Education that it had taken steps to expand protections for over one million student loan borrowers with commercial Federal Family…
FOR IMMEDIATE RELEASE: March 29, 2021 Boston – Today, the U.S. Department of Education announced that it is temporarily easing paperwork requirements and cancelling the loans of 41,000 federal student loan borrowers whose disability discharges were revoked and loans were reinstated due to paperwork issues during the pandemic. A 2016 U.S. Government Accountability Office study…
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
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