WASHINGTON D.C. — A new survey from Student Debt Crisis Center (SDCC) highlights the growing confusion surrounding July 1st changes to student lending and the inability of borrowers to make their newly increased student loan payments. In a staggering finding, 67% of borrowers reported they will not be able to afford their new monthly payment amount — an early indicator of a larger default wave yet to come.

Borrowers are waking up to find their hard-earned progress toward Public Service Loan Forgiveness (PSLF) impacted by a catastrophic system failure, as their qualifying payment counts have been abruptly and inexplicably reduced on StudentAid.gov. While the Department of Education offers a vague acknowledgement of a "data issue," its refusal to disclose the full scope or provide a concrete timeline for restoration is an unconscionable betrayal of the people our nation depends o

WASHINGTON D.C. — Today, a petition signed by student loan borrowers and advocates calling on the White House and policymakers to pause federal student debt payments and interest reached 130,000 individual signatures. The petition also demands that any paused months count toward Public Service Loan Forgiveness (PSLF) and Income-Driven Repayment (IDR) forgiveness timelines, as they did during the federal student loan payment pause at the onset of COVID-19.

WASHINGTON D.C. — A new report from Student Debt Crisis Center (SDCC) exposes the harsh reality student loan borrowers are up against as they face the end of the Saving on A Valuable Education (SAVE) plan forbearance. Significantly, the report found that 51% of borrowers exiting the SAVE plan will see their monthly payments increase by $500 or more...

Join us Thursday, June 25th for the Let's Pause Payments event.