In the News

Student Loans In the News

Op-Eds

Read op-ed via amNY, "When it comes to navigating public service loan forgiveness, even an NYC Commissioner needs a financial counselor" By Vilda Vera Mayuga, Department of Consumer and Worker Protection Commissioner (06/14/23)

Read blog post via Medium, "Black Borrower’s Blueprint to Reducing Student Loan Debt" By Melissa Barosy, former Press Secretary for the NYC Department of Consumer and Worker Protection (02/24/21)

Read blog post via Medium, "Be Real about Student Loans: 5 Tips Every New Graduate Needs" By Amelia Josephson, Office of Financial Empowerment at the NYC Department of Consumer and Worker Protection (05/20/19)

Read op-ed via The Hill, "Is student loan debt the next financial crisis?" By Lorelei Salas, Commissioner of the NYC Department of Consumer Affairs (04/02/18)

Read blog post via Medium, "Three Unexpected Ways Defaulting on Your Student Loans Impacts Your Long-Term Credit" By Lorelei Salas, Commissioner of the NYC Department of Consumer Affairs (04/25/18)

Press Releases

U.S. Department of Education Announces $42 Billion in Approved Public Service Loan Forgiveness for More Than 615,000 Borrowers Since October 2021 (05/08/23)

Secretary Cardona Statement Following Supreme Court Oral Arguments (02/28/23)

New Proposed Regulations Would Transform Income-Driven Repayment by Cutting Undergraduate Loan Payments in Half and Preventing Unpaid Interest Accumulation (01/10/23)

Biden-Harris Administration Continues Fight for Student Debt Relief for Millions of Borrowers, Extends Student Loan Repayment Pause (11/22/22)

Education Department Announces Permanent Improvements to the Public Service Loan Forgiveness Program and One-time payment Count Adjustment to Bring Borrowers Closer to Forgiveness (10/25/22)

Education Department Approves $1.5 billion in Debt Relief for 79,000 Borrowers Who Attended Westwood College (08/30/22)

FACT SHEET: President Biden Announces Student Loan Relief for Borrowers Who Need It Most (08/24/22)

Biden-Harris Administration Announces Final Student Loan Pause Extension Through December 31 and Targeted Debt Cancellation to Smooth Transition to Repayment (08/24/22)

Thanks to Temporary Changes, U.S. Department of Education Announces Public Service Loan Forgiveness Surpasses $10 Billion in Debt Relief (08/23/22)

Education Department approves $3.9 billion group discharge for 208,000 borrowers who attended ITT Technical Institute (08/16/22)

Education Department Approves $5.8 Billion Group Discharge to Cancel all Remaining Loans for 560,000 Borrowers who Attended Corinthian (06/01/22)

Attorney General James Secures Student Debt Relief for Thousands of New Yorkers Whose Federal Loans Were Allegedly Mismanaged by the Pennsylvania Higher Education Assistance Agency (PHEAA) (04/27/22)

Department of Education Announces Actions to Fix Longstanding Failures in the Student Loan Programs (04/19/22)

Statement by President Biden Extending the Pause on Student Loan Repayment Through August 31st, 2022 (04/06/22)

Mayor Adams Delivers $20 Million in Debt Relief to Former Berkeley College Students (03/02/22)

Education Department Approves $415 Million in Borrower Defense Claims Including for Former DeVry University Students (02/16/22)

Statement by President Joe Biden Extending the Pause on Student Loan Repayment an Additional 90 Days (12/22/21)

Student Loans Negatively Affect Life Decisions for Half of New York City Borrowers (12/17/21)

U.S. Department of Education Increases Servicer Performance, Transparency, and Accountability Before Loan Payments Restart (10/15/21)

U.S. Department of Education to Establish an Enforcement Office Within Federal Student Aid (10/8/21)

Fact Sheet: Public Service Loan Forgiveness (PSLF) Program Overhaul (10/6/21)

U.S. Department of Education Announces Transformational Changes to the Public Service Loan Forgiveness Program, Will Put Over 550,000 Public Service Workers Closer to Loan Forgiveness (10/6/21)

Department of Consumer and Worker Protection Releases Brief on Inequalities for Student Loan Borrowers With Low Incomes (01/19/21)

Department of Consumer and Worker Protection Report Highlights Major Factor in Racial Wealth Gap – Student Loan Debt (08/05/20)

Department of Consumer and Worker Protection Encourages New Yorkers to "Be Real" About Student Loan Debt in New Public Awareness Campaign (04/25/19)

Department of Consumer Affairs Introduces Rules to Protect New Yorkers from Predatory For-Profit Schools (03/05/19)

Department of Consumer Affairs Releases Report Examining the Factors Contributing to Student Loan Distress Across New York City Neighborhoods (11/01/18)

Department Of Consumer Affairs Files Charges Against Berkeley College For Deceptive And Predatory Practices (10/19/18)

National College Savings Month: Department of Consumer Affairs Encourages New Yorkers to Start Saving Early for College (09/12/18)

Department of Consumer Affairs Announces 50,000 New Yorkers Have Received Free Counseling at Financial Empowerment Centers (06/14/18)

National Consumer Protection Week: Consumer Affairs Warns New Yorkers about the Growing Student Loan Debt Crisis (03/06/18)

Department of Consumer Affairs Launches Student Debt Clinics in Targeted Neighborhoods to Aid New Yorkers (01/26/18)

#TalkStudentLoans

In New York City, around 15 percent of adults have a student loan. That’s a million people. Across the country, there are roughly 44 million people with student loan debt. So whether you’re a prospective, current, or former student loan borrower, share your loan experience on social media using #TalkStudentLoans and tag us @helloDCWP (Twitter, Facebook, Instagram). Together, we can amplify the message that student loans are REAL debt so that every New Yorker knows their rights and responsibilities and national policymakers step up to help and protect borrowers.