Student Loans Archives - National Consumer Law Center

Advocates Call for Continued Pause on Student Loan Payments As Families Face Record Inflation and Biden Weighs Action to Cancel Student Debt

Michelle Deakin2022-06-30T13:25:07-05:00June 30, 2022|Categories: Media Center|Tags: Press Release, Student Loans|

June 30, 2022 176 Organizations Representing Students, Workers, People of Color, and Faith Communities Demand: “People with Student Debt Cannot be Required to Make Payments Toward Loans You Promised to Cancel.” WASHINGTON, D.C. — Today, 176 organizations called on President Biden to extend the pause on federal student loan payments for tens of millions of borrowers [...]

NCLC Advocates Praise Proposed Settlement in Sweet v. Cardona

Michelle Deakin2022-06-23T12:09:04-05:00June 23, 2022|Categories: Media Center|Tags: Student Loans|

June 23, 2022 Settlement may restore faith in borrower defense process, though barriers to relief remain WASHINGTON – Today advocates from the National Consumer Law Center applauded the proposed settlement agreement in the class action lawsuit Sweet v. Cardona, which challenged the U.S. Department of Education’s failure to provide timely decisions on borrower defense applications [...]

Report: Student Debt Cancellation Will Help Fix Broken Student Loan System, Close Racial Wealth Gap

Stephen Rouzer2022-06-09T14:11:05-05:00June 8, 2022|Categories: Media Center|Tags: Racial Justice, Student Loans|

June 8, 2022 A new report from CLASP and NCLC explores debt cancellation and other measures to reduce the harmful impact of disproportionate student loan debt on Black borrowers WASHINGTON – A new report from the Center for Law and Social Policy (CLASP) and the National Consumer Law Center (NCLC) highlights the disproportionate impact of [...]

NCLC Advocates Applaud the Department of Education’s Decision To Cancel Corinthian College Students’ Federal Student Loan Debts

Michelle Deakin2022-06-02T08:16:46-05:00June 2, 2022|Categories: Media Center|Tags: Student Loans|

June 2, 2022 WASHINGTON – Today, the U.S. Department of Education announced that it would cancel the federal student loans of over 560,000 people who attended Heald College, Everest Institute, or WyoTech, schools owned by the shuttered for-profit Corinthian Colleges. Kyra Taylor, staff attorney at the National Consumer Law Center, praised this decision and said: [...]

NCLC Statement in Response to Latest Reports on Student Debt Cancellation

Stephen Rouzer2022-05-27T14:43:46-05:00May 27, 2022|Categories: Media Center|Tags: Press Release, Student Loans|

May 27, 2022 Today, in response to reports that the White House is planning to cancel $10,000 in federal student loan debt per borrower earning less than $150,000, Abby Shafroth, director of the National Consumer Law Center's Student Loan Borrower Assistance Project, issued the following statement: “We urge President Biden to move forward with student [...]