Higher Ed, Not Debt is a multi-year campaign of dozens of organizations dedicated to
tackling the crippling and ever-growing issue of student loan debt in America. With over $1.2 trillion in outstanding educational debt, affecting more than 40 million Americans, we have partnered around a simple message and a clear objective: Higher Ed, Not Debt!
This month is the 25th anniversary of the first income-driven repayment (IDR) plan, which means federal student loan borrowers may be eligible for forgiveness of their loans. If you want to know more about Income Driven Repayment Plans and how you might qualify, check out this post by our partners at the National Consumer Law Center.
In the face of safeguard rollbacks at the federal level, states are stepping up to protect their student loan borrowers from servicers that act more like debt collectors than loan counselors. Fortunately, Rhode Island legislators have already introduced a Borrower's Bill of Rights!
Thousands of students have been defrauded by the predatory practices of for-profit colleges. In response to this dangerous phenomena, Senators Durbin and Hassan have introduced the PROTECT Students Act. This legislation aims to protect students and and taxpayers from predatory practices of the for-profit college industry, and would hold them accountable when they engage in unfair, deceptive, and other fraudulent practices.
U.S. Senator Lamar Alexander and others have proposed a program that would create mandatory automatic deductions from people’s paychecks to repay their student loans. Our partners at the National Consumer Law Center (NCLC) argue why forcing borrowers to pay their student loans by withholding their full paychecks does more harm to them than good.
While education is considered the great equalizer in society, the costs of college and the burdens of student debt are particularly great for students of color. For these students and their the educational and economic success, it is a very unequal playing-field. Our partners identify some of the leading factors contributing to this inequality, and give Members of Congress their recommendations to fix these problems.
Student loan borrowers like Melissa are demanding action from lawmakers to address key parts of our student debt crisis. The stories of borrowers make the case for why we need accountability for predatory of student loan companies, and why loan forgiveness programs are necessary to help everyone dealing with student debt.
On behalf of its student loan borrowers, the State of Kentucky is looking to take action against the Pennsylvania Higher Education Assistance Agency (PHEAA) for poorly managing millions of people's student loan debt. However, the company is arguing it cannot be held accountable by any state-level authority. Our partners at the Student Borrower Protection Center have joined with consumer advocates in the Bluegrass State to argue that PHEAA is not above the law.
The Department of Education announced on December 13, 2018 that it will cancel thousands of borrowers’ federal student loans through an Obama-era program meant to give relief for students defrauded by their colleges. Ironically, this forgiveness comes through the very same program DeVos failed to destroy earlier this year.
Here's what our partners and allies had to say about this latest news.
A new report by the Student Borrower Protection Center takes a look at complaints by more than 13,000 student loan borrowers in the 2018, revealing the scope of problems within the student loan industry, and the degree to which people are struggling with the repayment process.