Six Years After Student Loan Debt Surpassed $1 Trillion, Non-Profits Host Webinars to Help Borrowers

On 1T Day, Student Debt Crisis and Higher Ed, Not Debt partner up to lead a day-long series of webinars to help student loan borrowers

Washington, D.C.— Tomorrow, April 25, 2018, marks six years since student loan debt hit $1 trillion. To commemorate this anniversary, Student Debt Crisis and Higher Ed, Not Debt will partner up to lead a series of webinars to do the job that student loan services refuse to do—help borrowers. While companies like Navient and Nelnet rake in millions of dollars in profits and savings from tax cuts passed into law last year, and face legal scrutiny from various state watchdogs, non-profits have stepped up to help borrowers navigate the confusing world of student loans. These workshops will give federal student loan borrowers an update on federal legislation that impacts their student loans and will outline the repayment plan options available. To watch any of the four webinars happening throughout the day, click here.

“Like many Americans, we can feel frustrated by the slow progress we see in Washington. However, we are driven by supporters who combat economic injustice every day despite the dire financial situations they face at home,” said Natalia Abrams, Executive Director of Student Debt Crisis. “Students and borrowers are brave for standing up, they are bold for sharing their stories, and yet they are burdened by our broken student loan system. That is why we are dedicating this year’s 1-TDay to paying it forward with a series of free workshops designed to help borrowers understand their repayment rights and improve their financial wellness.”

“Secretary Betsy Devos’ Department of Education has rolled back what little consumer protections borrowers had while paying back their loans and has taken no action to address the runaway cost of a college education and protect student loan borrowers. Someone needs to lookout for the consumers and borrowers being cheated by student loan companies. These webinars will help consumers make informed decisions about their future," said Maggie Thompson, Executive Director of Generation Progress.

For more information or to speak with an expert, contact Natalia Abrams at natalia@studentdebtcrisis.org or 646.820.8037.

 

Contributing Editors: Natalia Abrams and Cody Hounanian

About Student Debt Crisis

Student Debt Crisis is a nationwide advocacy group with over 1,000,000 supporters calling for fundamental reforms to student loan and higher education policies.

Student Debt Crisis is a non-profit (501c4) organization dedicated to fundamentally reforming student debt and higher education loan policies.

It is SDC’s core belief that our nation’s success is dependent upon an educated workforce capable of the critical thinking, innovation, and entrepreneurship necessary for prosperity. At the heart of our belief is the conviction that we can no longer burden students with the ever-increasing costs of higher education. Affordable and accessible education—including the equitable repayment of debt incurred—is crucial for the U.S. to maintain its position as a 21st-century global leader.

It is our goal to educate and spread awareness of the ongoing student debt crisis. Every person with student debt knows their rights. No federal loan borrower should ever be in default. It is equally important that borrowers are informed about free programs to help deal with overwhelming monthly payments. While advocates and the team at Student Debt Crisis work to change the laws and find meaningful relief - we want to ensure borrowers can manage their monthly payments and stay away from predatory scams, default and worse.

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