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History. The Student Borrower Protection Center was founded in late 2018 by Seth Frotman, former student loan ombudsman at the Consumer Financial Protection Bureau; Mike Pierce, former lead higher education and consumer protection adviser at the bureau; and Bonnie Latreille, a former advisor to Frotman at the bureau.
You can get a refund without applying if your payments brought your loan balance below the maximum debt relief amount: $10,000 for all borrowers, and $20,000 for Pell Grant recipients. Borrowers ...
Indeed, as the Student Borrower Protection Center (SBPC) said, IDR was originally designed to offer borrowers a reduced monthly payment tied to their income, not their outstanding balance.
“Falling behind on a student loan is uniquely punishing for families struggling to stay afloat,” Mike Pierce, executive director of the Student Borrower Protection Center (SBPC), says. “When ...
It’ll take more than a headline-grabbing wipeout of student debt. “There are no $1.7 trillion silver bullets,” says Seth Frotman, executive director of the Student Borrower Protection Center ...
Katherine Welbeck of the Student Borrower Protection Center recommends logging on to your account and making sure you know the name of your servicer, your due date and whether you’re enrolled in ...
In 2022, an investigation by the Student Borrower Protection Center (SBPC) estimated that $50 billion in private student loans, representing 2.6 million borrowers, were qualified for a discharge ...
The American Federation of Teachers (AFT) and the Student Borrower Protection Center (SBPC) released a new report Tuesday showing the CRA resolution would cause far greater harm to public service ...
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