Veterans Groups, Student Advocates Stand Up Against Partnership between The Ellen DeGeneres Show and The University of Phoenix

             FOR IMMEDIATE RELEASE May 6, 2016 CONTACT: Natalia Abrams natalia@studentdebtcrisis.org 310-365-1069 RELEASE: Veterans Groups, Student Advocates Stand Up Against Partnership between The Ellen DeGeneres Show and The University of Phoenix Higher Ed, Not Debt Partners Launch Petition Asking Host Ellen DeGeneres to Drop Partnership with For-Profit College Under Investigation by the Federal Trade Commission Washington, D.C.— Veterans groups and student advocacy organizations are speaking out after The Ellen DeGeneres Show awarded a stay-at-home mom a $25,000 scholarship to the University of Phoenix, a heavily-scrutinized for-profit college currently under investigation by the Federal Trade Commission and the California Attorney General. The veterans and student advocacy organizations, part of the Higher Ed, Not Debt coalition, are voicing their opposition to the promotional partnership, which will also provide ten additional scholarships of $25,000 each to participating entrants. The partnership is widely perceived as an egregious departure from the progressive positions DeGeneres typically champions, and another example of the University of Phoenix preying on vulnerable Americans with predatory and misleading marketing tactics. Promotional posts of the partnership on DeGeneres’ social media accounts have been removed in the wake of the public outcry, but neither DeGeneres nor representatives of her show have issued a public comment addressing the partnership, or confirmed whether or not DeGeneres was paid to air the segment. Veterans groups, many of which have called out University of Phoenix for abusing billions of GI Bill dollars to aggressively recruit returning veterans, were equally outraged that DeGeneres would lend support to a school that the federal government placed on probation for unlawful recruiting practices targeting veterans....

AFL-CIO and Student Debt Crisis to Hold Second Annual Student Debt Hotline

Media Advisory for April 25, 2016                                                      Contact: Natalia Abrams,  (310)-365-1069 AFL-CIO and Student Debt Crisis to Hold Second Annual Student Debt Hotline On Monday, April 25th, Student Debt Crisis will host a Twitter Town Hall to mark the fourth anniversary since student loan debt hit $1 trillion in 2012. The average college graduate has $35,000 in student loan debt, and as that cost continuous to increase, the AFL-CIO is standing with Student Debt Crisis and other allied organizations to ensure borrowers are informed about their debt-relief options. Following the town hall, the AFL-CIO and Student Debt Crisis will host the second annual student debt hotline from May 24th – 26th to offer debt relief solutions to borrowers. WHAT: Student Debt Crisis Twitter Town Hall WHEN: April 25th at 11:30am EST WHO: Student Debt Crisis – @DebtCrisisOrg AFL-CIO – @AFLCIO Higher Ed, Not Debt – @HigherEdNotDebt Generation Progress – @GenProgress One Wisconsin Now – @StudentLoanVote NerdWallet – @NerdWallet Student Loan Attorney’s Jay Fleischman – @JayFleischman Joshua Cohen – @StudentLoanLaw   *To join the Twitter chat, ask questions using #StudentDebtHotline from 11:30am-12:30pm EST on April...

SDC STATEMENT: Senate Members Announce ‘In The Red’ Campaign

Student Debt Crisis’ statement on ‘In The Red’ campaign Today, a number of Senators, including Elizabeth Warren (D-MA), Charles Schumer (D-NY), Patty Murray (D-WA), Jack Reed (D-RI), Brian Schatz (D-HI),Tammy Baldwin (D-WI) and Mazie K. Hirono (D-HI), unveiled a new student debt initiative called “Students #InTheRed.”  This new proposal addresses three specific topics: 1) Student Loan Refinancing; 2) Free Community College; and 3) Increasing Pell Grants. Senator Patty Murray said that these reforms are needed to help grow the economy from the middle-out, not the top-down, while Senator Elizabeth Warren said that such reforms are about “basic fairness.” “We at StudentDebtCrisis.org applaud these Senators for their courage in speaking out about the perils of $1.3 Trillion in crippling outstanding student loan debt- one of the largest categories of consumer debt, second only to mortgages. It has always been the policy of StudentDebtCrisis.org to support an “all of the above” approach to dealing with student loan debt. Although access to free community college and increased access to Pell Grants are goals that we fully support, we believe that it is imperative to focus much of our attention on the “first injured party” – the 42 million Americans saddled with outrageous student loan debt.” – Executive Director Natalia Abrams We fully agree with Senator Tammy Baldwin’s declaration that “higher education should be a path to prosperity and not suffocating debt,”  which is why StudentDebtCrisis.org’s long-term goals have always included debt-free higher education as well as student loan forgiveness. To paraphrase Senator Warren at today’s event, because of these debts, student loan borrowers are unable to buy a house or car, start a...

SDC STATEMENT: President Obama’s Final State of the Union Address

FOR IMMEDIATE RELEASE January 12th, 2016 CONTACT: Natalia Abrams Phone: 310-365-1069 Email: natalia@studentdebtcrisis.org   Student Debt Crisis’ statement on President Obama’s State of the Union address Student Debt Crisis applauds President Obama’s commitment to higher education reform over the past 7 years. Tonight, President Barack Obama continued his focus by stating– “We have to make college affordable for every American! No hard working student should be stuck ‪in the red‬.” However, we believe that so much more needs to be done to address the already existing $1.3 Trillion in outstanding student loan debt. More than 43 million Americans are not buying houses or cars, starting businesses or families, or otherwise contributing to rebuilding the economy. At Student Debt Crisis we will continue to echo our members’ call to help all Americans who are negatively impacted by large debt burdens. We need immediate action to protect private student loan borrowers, defaulted borrowers and hard-working Americans struggling to make ends meet because of exorbitant monthly payments. “It is our job to continue to push political leaders until we have a comprehensive plan that helps existing borrowers as much as prospective students. That is why we must continue the hardfight for debt-free college and the cancellation of outstanding student loan debt.” Natalia Abrams – Executive Director   With over 1.2 million signatures calling to forgive student loan debt, Student Debt Crisis is deeply committed to reforming the way we pay for higher education in...
STATEMENT from Student Debt Crisis on Sec. Hillary Clinton’s College Affordability Plan

STATEMENT from Student Debt Crisis on Sec. Hillary Clinton’s College Affordability Plan

STATEMENT from Natalia Abrams, Executive Director of Student Debt Crisis, on Sec. Hillary Clinton’s New College Compact – College Affordability Plan Student Debt Crisis is encouraged by today’s announcement of Secretary Hillary Clinton’s new college affordability plan. Following previous proposals from Governor Martin O’Malley and Senator Bernie Sanders, we are gratified that all three major Democratic presidential candidates have committed to addressing student debt and lowering the cost of higher education. This progress demonstrates that the issue of student loan debt and higher education has come a long way since the last presidential election. With respect to Sec. Clinton’s plan, we are discouraged by the lack of attention given to relieve existing borrowers from their crippling student loan debt. While we are appreciative of her support for refinancing student loans and agree that state disinvestment has been a large contributor to the increase in tuition prices, Sec. Clinton’s plan does not nearly go far enough and isn’t the “bold transformation” we had hoped she would deliver. At Student Debt Crisis, it is our job to continue to push our leaders until we have a comprehensive plan that helps existing borrowers as much as prospective students. That’s why we must continue to fight for total debt-free college and the cancellation of outstanding student loan debt. —————–   With over 1.2 million signatures calling to forgive student loan debt, Student Debt Crisis is deeply committed to reforming the way we pay for higher education in America.   Click Here to Read More  Click Here to Watch Sec. Hillary Clinton new video on Student...

SDC’s Statement on Corinthian Colleges Announcement by Department of Education

FOR IMMEDIATE RELEASE March 18, 2015 CONTACT: Natalia Abrams 646-820-8037 or 310-365-1069 – natalia@studentdebtcrisis.org Student Debt Crisis’ Statement on the Department of Education Announcing Action on Corinthian Colleges Shutdown. Today the Department of Education announced various steps that it will take to alleviate the burden on Corinthian College (Everest, Heald, WyoTech) students. Current and former students who were enrolled at a closed Corinthian campus as of June 20, 2014 can now apply for a refund. This is a 245 day increase from the current Closed School Discharge rule. In addition, students who can prove they were defrauded by their school – for example Heald College students who were lied to about job placement rates- may be entitled to a refund even if their school was not closed. While the announcement today is a step in the right direction, we are hesitant to applaud the Department of Education until we see these rules in practice, and most importantly until we hear directly from Corinthian students. “It is promising that the Department has taken on this issue, however we are disheartened by their desire to quickly pass the buck to a dysfunctional Congress. The Department of Education should embrace its expertise on the issue of student loan debt and seize the opportunity to lead in creating solutions. Instead, the Department chose to deflect its responsibility to a Congress that has proven its unwillingness to act on student loan debt.” – Natalia Abrams, Executive Director of Student Debt Crisis We implore  the Department of Education to exhaust ALL possible measures to help victims of for-profit colleges and borrowers struggling to repay their...