Student Loans

Student loans create debt burdens that impact families for generations. Black Americans in general, and Black and Latina women in particular -- often are forced to take on more college debt than their white counterparts in pursuit of the American Dream. The student debt burden is felt most acutely by attendees of Historically Black Colleges and Universities. CRL successfully led a coalition of advocates that achieved substantial student debt cancellation in 2022. We continue to advocate for higher education policies to protect student loan borrowers and their parents from falling into a cycle of debt that keeps them from engaging in wealth-building activities. 

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Comment on Title IV Programs Under the Higher Education Act

Comment on Title IV Programs Under the Higher Education Act

The U.S. Department of Education’s commitment to reforming Title IV programs presents a historic opportunity to reshape the federal student aid system into one that is more equitable, efficient, and effective. CRL stands ready to support this process and urges the Department to center the needs of students—especially those that are first generational and underrepresented—in all forthcoming regulatory proposals.
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Comment Letter
Student Loans

Comment on Student Debt Relief Based on Hardship

Comment on Student Debt Relief Based on Hardship

On behalf of the Center for Responsible Lending, thank you for the opportunity to comment on the notice of proposed rulemaking (Proposed Rule) by the U.S. Department of Education on Student Debt Relief Based on Hardship for the William D. Ford Federal Direct Loan Program (Direct Loans), the Federal Family Education Loan (FFEL) Program, the Federal Perkins Loan (Perkins) Program...
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Comment Letter
Student Loans

Coalition Letter to U.S. Department of Education Urging Immediate Unveiling of Hardship NPRM

Coalition Letter to U.S. Department of Education Urging Immediate Unveiling of Hardship NPRM

227 organizations representing millions of students, borrowers, workers, people of color, veterans, people with disabilities, and consumers crushed under the weight of the student loan debt crisis, wrote to urge the Department of Education to immediately unveil its Notice of Proposed Rulemaking (NPRM) to provide student loan debt relief to student loan borrowers experiencing hardship.
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Letters to Congress
Student Loans

Education Department Should Expand Forgiveness of Capitalized Interest

Education Department Should Expand Forgiveness of Capitalized Interest

CRL submitted a comment on the Proposed Rule by the U.S. Department of Education on Student Debt Relief for the William D. Ford Federal Direct Loan Program (Direct Loans), the Federal Family Education Loan (FFEL) Program, the Federal Perkins Loan (Perkins) Program, and the Health Education Assistance Loan (HEAL) Program. The Proposed Rule is critically important to Black, Latino and...
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Comment Letter
Student Loans

Maximizing Impact: How a Simple Administrative Policy Shift Could Expand Access to Homeownership for Potential Buyers Repaying Student Loans Under the SAVE Program

Maximizing Impact: How a Simple Administrative Policy Shift Could Expand Access to Homeownership for Potential Buyers Repaying Student Loans Under the SAVE Program

The Department of Education’s newly launched income-driven repayment (IDR) program, “Saving on a Valuable Education (SAVE),” represents a significant step forward in improving the affordability of federal student loan repayments for millions of borrowers. SAVE accomplishes that goal by basing repayment on a realistic estimate of a borrower’s discretionary income considering the borrower’s family size and reducing the amount of...
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Research
Mortgage Lending Student Loans

Comment on Intent to Establish a Negotiated Rulemaking Committee

Comment on Intent to Establish a Negotiated Rulemaking Committee

With nearly 45 million Americans owing 1.7 trillion dollars in student loan debt, the Department’s intent to establish a negotiated rulemaking committee to examine proposals under the waiver, modification, and compromise authority is critical to increasing fairness and affordability for those who must accrue debt to pursue higher education. The sheer scale of the student loan debt crisis in America—and...
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Comment Letter
Student Loans

Overturning Student Debt Relief Through the Congressional Review Act Will Have Devastating Consequences for Student Loan Borrowers

Overturning Student Debt Relief Through the Congressional Review Act Will Have Devastating Consequences for Student Loan Borrowers

Today, more than 44 million Americans are crushed under the weight of $1.7 trillion in student loan debt. This debt prevents borrowers – in red states and blue states, urban and rural communities – from fully participating in the American economy. It delays or denies borrowers the opportunity to buy a home, start a business, or invest in retirement, thereby...
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Policy & Legislation
Student Loans

Immense Coalition of 260+ Civil Rights, Labor, and Advocacy Organizations Call for the Rejection of Partisan Scheme to Block Debt Relief for Student Loan Borrowers & Reverse Student Loan Payment Pause

Immense Coalition of 260+ Civil Rights, Labor, and Advocacy Organizations Call for the Rejection of Partisan Scheme to Block Debt Relief for Student Loan Borrowers & Reverse Student Loan Payment Pause

The 261 organizations representing millions of students, workers, people of color, veterans, people with disabilities, consumers, and people of faith write in strong opposition to bicameral efforts to use the Congressional Review Act (CRA) to overturn President Biden's actions to pause student loan payments and provide student debt relief for low-income and working-class Americans continuing to recover from the deadly...
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Letters to Congress
Student Loans
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