The National Consumer Law Center (on behalf of its low-income clients), submitted comments in response to the U.S. Department of Education’s announcement of its intent to establish a negotiated rulemaking committee to prepare regulations on federal student loan debt relief, as authorized under the Higher Education Act of 1965 (HEA). In these comments, NCLC recommends…
Originally airing on NPR on July 14, 2023, hosts Adrian Florido and Cory Turner include a soundbite of Abby Shafroth explaining how out of 4 million eligible borrowers, only 32 have has their loans forgiven through the Income-Driven Repayment program.
Read More about NPR: Student loan forgiveness is on the way for more than 800,000 borrowers
With the payment pause ending this fall, 45 million student loan borrowers across the country will be scrambling to figure out how to manage their federal student loans when payments come due.
Read More about Digital Library: Student Loan Borrower Rights After the Supreme Court Ruling
The Student Debt Crisis Center took over the airwaves of the Leslie Marshall Show on June 28, 2023 to provide analysis of the upcoming Supreme Court case that holds the fate of President Biden’s debt cancellation plan. This takeover episode includes special guests Abby Shafroth, Co-Director of Advocacy at the National Consumer Law Center and…
Originally appearing in the Los Angeles Times on June 30, 2023, Jon Healey discusses options for borrowers that can’t afford monthly payments with NCLC’s Abby Shafroth. The very last thing you want to do, Shafroth says, is default. So if you’re still in a bind after changing your repayment plan, she said, you have two…
Originally airing on Marketplace on July 2, 2023, Samantha Fields discusses the administrations plan to transition borrowers back into student loan repayment with Abby Shafroth. “Interest will be charged to borrowers accounts and … bills will be sent out. But if borrowers miss their payments, or there’s confusion, they pay the wrong amount … their credit…
"We are deeply disappointed by this decision: It is wrong on the law and threatens the financial security of millions of low-income Americans who are struggling with unaffordable student loan debt."
Read More about Protecting Student Borrowers after U.S. Supreme Court Blocks Student Debt Relief
6-3 Opinion Blocks President Biden’s Student Loan Cancellation Plan [NOTE: Advocates to hold virtual press briefing on ruling at 12 pm ET. Register here.] WASHINGTON – Today, in a 6-3 opinion, the U.S. Supreme Court ruled that President Biden’s student debt relief program, which would have offered up to $20,000 in relief to working and…
Revised StudentLoanBorrowerAssistance.org Provides Resources for Consumers, Reporters BOSTON – In anticipation of an announcement from the U.S. Supreme Court concerning the fate of President Biden’s student debt cancellation plan, the National Consumer Law Center’s Student Loan Borrower Assistance project has launched a newly updated, consumer-facing website with resources and advice for borrowers and for media…
These comments, submitted on behalf of NCLC and other organizations across the country that provide legal assistance to low-income student loan borrowers, address the Department of Education’s proposed regulations aimed at ensuring that schools participating in the federal student loan program provide value to students and taxpayers. These comments focus on three aspects of the…
Originally appearing in The New York Times on June 1, 2023, Tara Siegel Bernard discusses a proposed plan with NCLC’s Abby Shafroth to revise the existing income-driven plan known as REPAYE, that could reduce payments for millions of borrowers by more than half. The Education Department released the proposal in January, and a final rule — which…
Read More about The New York Times: The Student Loan Payment Pause Is Ending. Here's How to Prepare.
Originally appearing in AP News on June 14, 2023, Cora Lewis and Adriana Morga quote Abby Shafroth in a piece about the consequences of nonpayment upon the resumption of student loan payments. “Forbearance allows you to postpone payments without it being held against you, but interest does accrue. So you’re going to see your balance…
