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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Testimony: For-Profit College Accountability Act

Testimony: For-Profit College Accountability Act

For-profit schools target students of color, low-income students, women, and veterans for enrollment, while failing to provide a quality education enabling students to obtain gainful employment. As is described below, New York for-profit students are more likely to have higher debt loads, lower graduation rates, and higher default rates than other students in the state. Consequently, an inordinate number of...
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Testimony
Student Loans

Priorities for the Reauthorization of the Higher Education Act (HEA)

Priorities for the Reauthorization of the Higher Education Act (HEA)

The Center for Responsible Lending (CRL) appreciates the opportunity to provide comments on our priorities for the reauthorization of the Higher Education Act (HEA). CRL applauds your initial efforts to tackle these policy reforms in H.R. 6543, The Aim Higher Act. We appreciate your dedication to create a bill that gets our country closer to providing a debt-free higher education...
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Comment Letter
Student Loans

Congress Must Act to Solve Student Loan Debt Crisis and Close the Racial Wealth Gap

Congress Must Act to Solve Student Loan Debt Crisis and Close the Racial Wealth Gap

Existing racial wealth gap increases burden of student loan debt on Black families and communities: This means families of color are more likely to need to borrow for higher education, will have less income with which to pay it, and have less of a cushion to withstand future financial shocks, thus contributing to a higher likelihood of delinquency and default...
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Research
Student Loans

New Jersey Must Act to Address Student Loan Crisis

New Jersey Must Act to Address Student Loan Crisis

In the last decade, student loan debt has exploded, directly impacting the lives of millions of Americans and leaving its mark on the entire economy. There are currently over 44 million Americans with student loan debt. With the costs of higher education continuing to rise at alarming rates and a college education becoming a requirement for more and more jobs...
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Policy & Legislation
Student Loans

Comment on U.S. Department of Education’s Notice of Proposed Rulemaking Rescinding the 2014 Gainful Employment Regulations

Comment on U.S. Department of Education’s Notice of Proposed Rulemaking Rescinding the 2014 Gainful Employment Regulations

The Center for Responsible Lending (CRL) files this comment in response to the above referenced U.S. Department of Education’s Notice of Proposed Rulemaking (NPRM) which rescinds the 2014 gainful employment (GE) regulations. CRL is deeply troubled by the Department’s decision to do away with these important accountability requirements that protect both the welfare of career training students and the taxpayer...
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Comment Letter
Student Loans

Comment: Protect the Welfare of Career Training Students and Taxpayer Resources

Comment: Protect the Welfare of Career Training Students and Taxpayer Resources

The Center for Responsible Lending (CRL) files this comment in response to the above referenced U.S. Department of Education’s Notice of Proposed Rulemaking (NPRM) which rescinds the 2014 gainful employment (GE) regulations. CRL is deeply troubled by the Department’s decision to do away with these important accountability requirements that protect both the welfare of career training students and the taxpayer...
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Comment Letter
Student Loans

Amicus Brief in Support of D.C.’s right to Pass Laws Protecting Against Abuse of Student Loan Repayment Plans

Amicus Brief in Support of D.C.’s right to Pass Laws Protecting Against Abuse of Student Loan Repayment Plans

The brief filed in Student Loan Servicing Alliance v. Taylor, et al. urges the court to reject the plaintiff loan servicer association’s “federal preemption” argument, which claims that existing federal law bars states and the District from engaging in any regulatory oversight of loan servicers. As the brief highlights, this preemption argument is legally unfounded and unwise. In fact, D.C.’s...
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Amicus Brief
Student Loans

Comment: Unscrupulous For-profit Colleges Must Be Held Accountable for Their Predatory Tactics

Comment: Unscrupulous For-profit Colleges Must Be Held Accountable for Their Predatory Tactics

The Center for Responsible Lending (CRL) files this comment in response to the U.S. Department of Education’s proposed rule that would amend the Borrower Defense to Repayment provision of the Higher Education Act (HEA) and rescind and rewrite previously promulgated regulations from 2016. CRL is extremely concerned about the Department’s decision to rewrite rules meant to protect students and taxpayers...
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Comment Letter
Student Loans

Comment on the Proposed Plan to Rescind and Rewrite 2016 Borrower Defense to Repayment Provisions

Comment on the Proposed Plan to Rescind and Rewrite 2016 Borrower Defense to Repayment Provisions

The Center for Responsible Lending (CRL) files this comment in response to the U.S. Department of Education’s proposed rule that would amend the Borrower Defense to Repayment provision of the Higher Education Act (HEA) and rescind and rewrite previously promulgated regulations from 2016. CRL is extremely concerned about the Department’s decision to rewrite rules meant to protect students and taxpayers...
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Comment Letter
Student Loans

Debt and Disillusionment: Stories of Former For-Profit College Students as Shared in Florida Focus Groups

Debt and Disillusionment: Stories of Former For-Profit College Students as Shared in Florida Focus Groups

Florida is fertile ground for studying for-profit education, given the industry’s outsized presence there and a weak state regulatory environment. In the early summer of 2017, The Center for Responsible Lending (CRL) conducted focus groups in Orlando, Florida with 75 individuals who had attended for-profit colleges within the last 10 years and borrowed to finance their education. The research sought...
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Research
Student Loans
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