May 13, 2026 | SACRAMENTO, CA — Yesterday, Governor Newsom announced that he will appoint Rohit Chopra, former director of the Consumer Financial Protection Bureau (CFPB), to lead the new statewide Business and Consumer Services Agency, which will focus on protecting families and small businesses across California’s economy. The move comes as the Trump Administration has gutted the CFPB, the sole federal consumer financial law enforcement agency charged with protecting everyd

SACRAMENTO, CA — Today, students, borrower advocates, and academic experts will testify before the Little Hoover Commission’s hearing entitled, “Student Institutional Debt in California.” The historic hearing, convened in response to a request from Assemblymember Blanca Pacheco and the Campaign for California Borrower Rights coalition, marks the first time the independent citizens-legislative commission is investigating the growth of institutional debt and exploring potential

Amidst the looming student loan changes, new data reflects that Americans with student loan debt are falling behind on payments and entering default more than ever before. Nearly 25% of all student loan borrowers are behind on their payments, with over 5 million already having entered default.

The Student Debt Crisis Center strongly opposes the harmful Budget Reconciliation Bill passed by Congress. This bill eliminates income-driven repayment programs, graduate plus loans, and borrower protections for 45 million Americans, ultimately pushing millions of student loan borrowers into default and severe financial consequences.

The Student Debt Crisis Center (SDCC) strongly condemns President Trump’s expected executive order to dismantle the U.S. Department of Ed...