Student Borrower Protection Center
@theSBPC
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SBPC is a nonprofit organization fighting to protect people from predatory student lenders and end the student debt crisis. Media: [email protected]
Joined July 2018
🙌.
Trump and the WWE Secretary want to seize folks' wages, tax refunds, & Social Security checks if their student loans are in default. My bill with @SenBooker and @SenWarren would stop it. I joined @theSBPC to discuss the bill, the cruelty of garnishment, and to share resources.
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21 million Americans could face financial harm as a result of President Trump and Secretary McMahon’s student loan actions.
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It's time to hold Wall Street and Silicon Valley accountable for a years-long scheme to drive students into predatory Income Share Agreements.
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Nobody should have to spend their entire life paying off debt accrued simply from seeking an education.
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Financial firms are using information about where you went to school to decide whether you can get credit and how much it will cost you.
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For-profit schools and predatory lenders drive students to take on risky shadow debt.
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Before COVID, 1-in-5 student loan borrowers were in default. ED & its abusive contractors use extreme collection tools: garnishing wages & even seizing Social Security & tax credits. This disproportionately harms older borrowers & borrowers of color.
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Employers drive workers into debt, trapping workers in low-paying jobs and substandard working conditions. #StopWorkerTRAPS
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"If implemented this proposal would allow @EDSecMcMahon to disqualify from PSLF any staff of school systems that teach the US' history of slavery, of health care providers who offer gender-affirming care & of legal aid orgs against unlawful deportations.".
cbsnews.com
Proposed Department of Education rule could deny loan forgiveness fo borrowers whose employers are found to be illegally "undermining national security and American values."
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Over the last two decades, big banks made more than $50 billion in private student loans that could be wiped away in bankruptcy.
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RT @ChopraUSA: Earlier this year, the U.S. Department of Education fully resumed student loan repayments and eliminated certain repayment o….
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Efforts to limit access to or weaponize Public Service Loan Forgiveness (PSLF) threaten critical public service fields and harm our most vulnerable communities.
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When student loan giants like MOHELA abuse borrowers, they count on weak enforcement to escape consequences.
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Under Trump’s CFPB, Wall Street wrongdoers are being richly rewarded at the expense of Americans who should be getting checks in the mail.
protectborrowers.org
A joint Consumer Federation of America and SBPC investigation reveals more than $360 million in redress owed to Americans is at risk due to actions taken by the Trump-led CFPB.
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Private student lenders aren’t just offering loans—they’re setting up debt traps for borrowers.
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Hey @edsecmcmahon:. Public service workers were failed by a broken PSLF program. They deserve justice—not your retaliation and weaponization of their debts.
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America’s experiment with debt-financed higher education has failed.
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A reminder: the student loan crisis wasn’t caused by borrowers—it was caused by a broken and rigged student loan system.
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Banks pad their profits by piling on junk fees that hurt students and working families.
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RT @allisonmpreiss: .@theSBPC @millennial_debt on today's appeals panel ruling on the fight to stop the White House from dismantling the CF….
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[BREAKING] Partisan DC appeals judges are trying to give Trump free rein to shut down CFPB. Should they succeed, families and honest companies will have no one to look out for them as our economy craters. The winners: billionaires & big banks, of course. Our statement👇
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