Private Student Loans & ISAs Archives

California Comments on Income Share Agreement

March 15, 2021

The National Consumer Law Center, Student Borrower Protection Center, and Center for Responsible Lending submitted comments to the California Department of Financial Protection and Innovating urging the agency to register Student Financing Providers, including income share agreement lenders. Registration would further the stated intent of the DFPI to promote nondiscriminatory access to responsible, affordable credit…

Coalition Letter to President Biden Regarding Public Service Loan Forgiveness Waiver and Income-Driven Repayment Adjustment

July 21, 2022

The undersigned 134 organizations representing students, student loan borrowers, teachers, workers, and consumers write to urge you to extend, expand, and coordinate more closely the current Public Service Loan Forgiveness (PSLF) waiver (Waiver) and Income-Driven Repayment (IDR) Adjustment (Adjustment) in order to fulfill the promise of affordable and manageable loan repayment for borrowers. Although we applaud your administration’s efforts to improve these programs, both the Waiver and Adjustment currently exclude critical groups of borrowers and fail to maximize the potential benefit for borrowers who are covered.

Appendix C: Checklist to Evaluate a State Student Protection Fund (SPF)

January 1, 2021

Appendix C of How States Can Help Students Harmed by Higher Education Fraud

Appendix A: States with Student Protection Funds (SPFS)

January 1, 2021

Map for Report: How States Can Help Students Harmed by Higher Education Fraud

2021 Student Loan Federal Priorities

December 1, 2020

Brief outlining NCLC's 2021 student debt priorities for the Biden Administration

Student Loans

Students and Consumer Groups Sue Biden Administration for Failing to Rule on State AG Group Borrower Defense Claims

April 26, 2022

April 26, 2022 New lawsuit calls attention to languishing Borrower Defense group applications WASHINGTON – Today, Student Defense, the Project on Predatory Student Lending, and the National Consumer Law Center filed a lawsuit against U.S. Education Secretary Miguel Cardona and the Department of Education on behalf of student loan borrowers with unresolved Borrower Defense to…

The System is Still Broken: 115+ Organizations Renew Push for Overdue Reforms to Income-Driven Repayment (IDR)

April 7, 2022

April 7, 2022 The System is Still Broken: 115+ Organizations Renew Push for the Biden Administration to Aid Millions of Student Loan Borrowers with Overdue Reforms to Income-Driven Repayment (IDR) IDR program has failed borrowers worse than previously known to the public, organizations contend, calling on the Education Secretary to fulfill broken promises WASHINGTON —…

Advocates Support Extension of Student Loan Payment Pause and Praise Removal of Loans from Punitive Default System

April 6, 2022

April 6, 2022 WASHINGTON – Today, in response to the Department of Education’s announcement that it will extend the student loan payment pause through August 31 and that it will remove federal student borrowers from default and give them a fresh start in repayment when the pause ends, Abby Shafroth, interim director of the National…

Report: Survey of State Student Protection Funds that Help Students Harmed by Higher Education Fraud

January 14, 2021

FOR IMMEDIATE RELEASE: January 14, 2021 Download the full report, a map, charts on state student protection funds (SPFs), and a SPF evaluation checklist for advocates and legislators at: http://bit.ly/state-tuition-fraud-info Boston – When a college education is cut short by a school closure or a school engages in fraud, the students and their families suffer…

New NCLC, CRL Report Proposes Roadmap for Student Borrowers to Survive the COVID Debt Crisis

November 23, 2020

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…

Report: Student Loan Borrowers Teetering on the Edge of Catastrophe after Having Tax Refunds Seized

July 15, 2020

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…

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