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 in Support of HB2588: Regulating the Practices of the Student Loan Industry

Testimony in Support of HB2588: Regulating the Practices of the Student Loan Industry

This written testimony focuses on three key areas of concern in support of HB 2588 to protect Oregonians from abusive practices by student education loan servicers: Oregon’s student loan debt crisis deepens the racial wealth gap and harms older Oregonians Abuses by student loan servicers prolong and deepen the student loan debt crisis, further increasing the racial wealth gap and...
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Testimony
Student Loans

Response to Senate Democratic Caucus Higher Education Act Reauthorization Principles

Response to Senate Democratic Caucus Higher Education Act Reauthorization Principles

The Center for Responsible Lending1 (CRL) appreciates the opportunity to provide comments on principles for the reauthorization of the Higher Education Act (HEA). We commend your dedication to reauthorizing the Higher Education Act with the intention of achieving an affordable, accountable, accessible and equitable and safer higher education system. We hope that you will continue to push for a Higher...
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Letters to Congress
Student Loans

Racial Disparities in Student Debt

Racial Disparities in Student Debt

The Center for Responsible Lending (CRL) appreciates the opportunity to provide ideas on how to address racial disparities in student debt and the broader challenges faced by students of color in college and career training. We appreciate your commitment to addressing racial disparities in student debt and the broader challenges faced by students of color in college and career training...
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Student Loans

Testimony in Support of SB19-002: Protecting Coloradans from Abusive Practices by Student Education Loan Servicers

Testimony in Support of SB19-002: Protecting Coloradans from Abusive Practices by Student Education Loan Servicers

This written testimony focuses on three key areas of concern: 1) abuses by student loan servicers prolong and deepen the problem of student loan debt; 2) For-profit schools disproportionately drive student loan debt nationally and in Colorado; and 3) the federal rollback of existing protections bolsters the need for state action. Download the full testimony. (PDF)
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Testimony
Student Loans

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
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