In the News

“SoFi CEO Anthony Noto is a financial vulture gorging himself on our bloated and broken student loan system,” advocacy group Student Borrower Protection Center’s Executive Director Mike Pierce said in a statement. “Noto’s failing company thinks it is entitled to engorge itself by skimming the cream off of the federal...

Ella Azoulay [Research & Policy Analyst, Student Borrower Protection Center], a 26-year-old who lives in Washington, visited the rally to join the push for debt relief, which she calls a “family issue.” A 2018 graduate of New York University, Azoulay has $40,000 in student debt, while her dad has more...

Yes, but some advocates encourage borrowers to wait for now, since there’s no financial penalty during the pause on payments and interest accrual. That said, Katherine Welbeck of the Student Borrower Protection Center recommends logging on to your account and making sure you know the name of your servicer, your...

Joining over 500 students, debtors and advocates in a rally organized by the Student Borrower Protection Center, the lawmakers said that Biden has the legal authority to cancel student debt and that the court case boils down to partisan posturing in a concerted effort by conservative elites to suppress the...

Amy Czulada [Outreach & Advocacy Manager, Student Borrower Protection Center] is in her mid-30s and still has more than $100,000 in debt for her undergraduate and master’s degrees. “I certainly don’t regret getting an education, but it has inhibited me from doing things,” Czulada said. “You’re always making hard choices...

"The argument throughout both of the sessions emphasized that the pandemic had really devastating financial effects on low and middle income student loan borrowers," Josh Rovenger, senior attorney in the Economic Justice Practice Group at The Legal Aid Society of Cleveland and fellow at advocacy group Student Borrower Protection Center,...

“Inside the Supreme Court there are technical arguments on standing and the major questions doctrine, but it’s important to remember the faces of the borrowers impacted by the court’s judgment,” Persis Yu, deputy executive director of the Student Borrower Protection Center (SBPC), a borrower advocacy group, told Yahoo Finance. “Their...

On Tuesday, a coalition of advocacy groups including the Student Borrower Protection Center, Student Debt Crisis Center, We, The 45 Million, Rise, and the NAACP are participating in the People's Rally for Student Debt Cancellation to urge the Supreme Court to uphold student-debt relief, and according to the NAACP, 500...

Mike Pierce, the executive director of the Student Borrower Protection Center, joins CBS News' Lilia Luciano and Lana Zak to discuss the importance of President Biden's student loan forgiveness plan, as the the Supreme Court hears arguments on the policy.