Posts in
Economic Justice Archives - New Era Colorado
STATEMENT: Bill to ban transcript and diploma withholding clears Senate Education Committee
April 7, 2022
Colorado is one step closer to becoming the fourth state to ban the widespread debt collection practice of withholding student transcripts and diplomas for overdue fees DENVER, CO — Every year, thousands of Coloradans are unable to access their transcripts or diplomas as a result of overdue fees, including even nominal amounts. That could soon change…
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Colorado needs to ban transcript and diploma withholding
March 17, 2022
Every year, thousands of Coloradans have their diplomas or transcripts withheld by their higher education institutions. When this happens, many folks experience a double bind: they owe a debt, yet are unable to move forward with their education or careers until a debt is paid, thereby limiting their ability to pay off the original debt….
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The Lasting Impacts of Overpriced Education
May 4, 2021
By Zoe Barley 40 years ago, my dad had to drop out of college because his family ran out of money to pay for it. Both of his parents worked hard to try to get their children through college. Unfortunately, as a first generation college student, my dad did not have the financial expertise or…
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How to navigate student debt during the COVID-19 pandemic
March 26, 2020
Last Updated: December 11, 2020 Right now, over 761,000 Coloradans are working to pay back over $27.7 billion in student loan debt, and this burden is especially high for rural Coloradans and communities of color. The student debt crisis requires long-term solutions and we know that the COVID-19 pandemic has only exacerbated the impacts that…
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Advocates Cheer Passage of Student Debt Reform Bill
May 1, 2019
Denver— This afternoon, the Colorado legislature gave the final thumbs up to Senator Faith Winter’s SB19-002, a bill that will bring oversight of student loan servicers in line with other consumer loan providers in the state. Among licensing requirements and establishing prohibited actions for student loan servicers operating in Colorado, the bill will add a…
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New Analysis: 730,000+ Coloradans Suffer Under Historic Levels of Student Debt
January 22, 2019
As the Legislative Session Begins, Student Loan Borrowers of All Ages in Colorado Now Owe More Than $26 Billion in Student Debt WASHINGTON, D.C. – Today, the Student Borrower Protection Center (SBPC) and New Era Colorado released new analysis demonstrating the scale of the student debt crisis in Colorado. A new analysis of government data…
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STATEMENT: Resignation of Top Student Loan Watchdog
August 28, 2018
WASHINGTON— Seth Frotman, the Student Loan Ombudsman at the Consumer FInancial Protection Bureau tasked with overseeing the student loan market, resigned this morning. In a scathing resignation letter to Acting Director Mick Mulvaney, Frotman states that the current administration has “has turned its back on young people and their financial futures,” and “abandoned the very consumers…
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