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Press Releases

January 29, 2019
Interactive Map and Fact Sheets for Each State Break Down the Numbers DURHAM, N.C. – Today, the Center for Responsible Lending (CRL) released “The State of For-Profit Colleges” with new data that largely show for-profit college students continue to be less likely to graduate than their counterparts at public or private nonprofit institutions. These student borrowers carry more debt regardless of whether they graduate, and they default on that debt at higher rates, often because a for-profit college degree does not provide the anticipated access to higher-paying jobs. In many states, the...
January 16, 2019
DURHAM, N.C. – New York Governor Andrew Cuomo included measures within his state budget proposal released today that would address abuses by for-profit colleges (PDF) and student loan servicers. (PDF) Advocates in the state have long pushed for these protections in light of the significant harms and costs to students and their families caused by abusive practices. Center for Responsible Lending Deputy Director of State Policy Lisa Stifler issued the following statement: We applaud Governor Cuomo for proposing strong measures to rein in abuses by for-profit colleges, which often...
January 7, 2019
State lawmakers should prevent such abuses before they occur DURHAM, N.C. – On Friday, New York Attorney General Letitia James and Department of Financial Services Superintendent Maria T. Vullo announced a settlement with ACS Education Services, now Conduent Education Services, that will require the student loan servicer to pay $9 million for deceiving student loan borrowers about their repayment options. Among other abuses, the officials found that ACS had overcharged military servicemembers and had failed to put borrowers into the income-based repayment plans for which many...
December 6, 2018
DURHAM, NC. – In response to the nation’s still-spiraling student loan debt, the Center for Responsible Lending (CRL) convened a day-long summit to examine the impacts and solutions for North Carolina. People from around the state gathered at the Durham Convention Center for this working conference and included a wide variety of stakeholders that included: banks, colleges and universities, as well as advocates representing older Americans, veterans, community developers, low-income residents and others. Throughout the day, people shared their own powerful and personal stories of how...
October 16, 2018
DURHAM, N.C. – A new Center for Responsible Lending (CRL) policy analysis calls for the State of New Jersey to protect student borrowers from abusive practices in the face of weakening federal protections. New Jersey, which ranked sixth in the nation for the level of debt carried by 2017 graduates, can take concrete steps to protect their citizens from the worst impacts of a student loan crisis that is rocking the nation. CRL is releasing the report as part of the New Jersey Citizen Education Fund’s 9th Annual Financial Reform Summit being held today in Newark....
October 3, 2018
WASHINGTON, D.C. – The U.S. Department of Education publicly announced that it would miss a November 1 deadline to issue new rules to replace Obama-administration rules known as Borrower Defense to Repayment and Gainful Employment. Under Secretary DeVos, the Department had sought to delay, suspend, and rewrite the rules designed to protect students and hold career and technical colleges accountable. The Center for Responsible Lending (CRL) and other students and advocates were deeply concerned about the Department’s new proposals, which significantly weakened oversight and recourse for...
September 11, 2018
WASHINGTON, D.C. – On Monday September 10, 2018, the national Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee), the Center for Responsible Lending (CRL), and the National Student Legal Defense Network (NSLDN) filed a brief in the D.C. District Court to advocate on behalf of D.C. in a lawsuit challenging the District’s right to pass laws that better protect residents against the problematic practices of servicing companies that manage student loan repayment. The brief filed in Student Loan Servicing Alliance v. Taylor, et al. urges the court to reject the plaintiff loan...
August 29, 2018
Report from Center for Responsible Lending exposes hardships faced by students of for-profit colleges that exploit a weak regulatory system DURHAM, N.C. -- For-profit colleges in Florida prey on economically vulnerable students, enticing them to enroll in poor quality programs with promises of good-paying jobs upon completion, but little real opportunity for career advancement. A new report by Center for Responsible Lending (CRL), based on focus groups and surveys of former students, demonstrates that for-profit colleges target vulnerable communities through intense advertising and...
August 27, 2018
WASHINGTON, D.C. – Today, Seth Frotman, the Assistant Director and Student Loan Ombudsman with the Consumer Financial Protection Bureau (CFPB) resigned after seven years of government service with the agency. His resignation is effective September 1, 2018. In response, Ashley Harrington, a policy counsel with the Center for Responsible Lending Counsel released the following statement: It is unfortunate for the 44 million student loan borrowers who together now owe in excess of $1.5 trillion to learn that the dedicated civil servant who shared their concerns has departed the CFPB. As...
August 10, 2018
WASHINGTON, D.C. – Today, U.S. Department of Education Secretary Betsy DeVos announced her plan to repeal the Gainful Employment (GE) rule which would hold career education institutions, especially for-profit colleges, accountable for their costs and actual student outcomes. The GE rule, which went into effect in 2014, was based on the simple, practical premise that a program should enable its students to earn enough money to pay back the debt required for its completion. Since 2017, the for-profit college industry has heavily lobbied the agency to rescind or weaken the GE rule as well as...

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