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Student Debt Archives - New Era Colorado

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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The Colorado Capitol in front of a clear blue sky

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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Former CFPB staffer Seth Frotman answers questions while sitting at a table

Statement on 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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