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“It’s interesting that we’ve seen other courts, which are not seen as liberal courts, side with the president,” Persis Yu, deputy executive director at Student Borrower Protection Center, told CNBC Make It in November. “I think it’s through a very extraordinary reading of standing law and the authority of the...

Mike Pierce, the founder and executive director of the Student Borrowers Protection Center – one of several advocacy organizations rallying – said he believed “the court will side with 40 million people”. On the rightwing challenges to the loan relief plan, Pierce said: “This is just another example of Republican...

For our four cities alone, the Student Borrower Protection Center estimates that more than 177,000 thousand residents will receive greater than $1.3 billion in debt relief, which includes more than 85,000 borrowers seeing their entire loan balances eliminated. This debt relief will have intergenerational impacts, as it will allow families...

“The borrowers most likely to struggle disproportionately come from lower-income households — the families least prepared to weather the public health and economic crises that gripped the country in 2020,” Mike Pierce, the executive director of the Student Borrower Protection Center, said Friday on a call that the White House...

“The court must see these lawsuits as the partisan sham they really are and protect the Biden administration’s historic relief plan,” said Ben Kaufman, director of research and investigations at the Student Borrower Protection Center. “Borrowers deserve better than to be treated like political pawns — lives and livelihoods are...

There is, however, another legal mechanism to stop harmful and mobility-restricting TRAPs: consumer law. In BreAnn’s case, PetSmart engaged in unfair and deceptive acts and practices (UDAPs)—prohibited by consumer law—by, among other things: advertising the Grooming Academy as “free” when it was not; requiring a repayment amount far exceeding the...

“The borrowers most likely to struggle disproportionately come from lower-income households — the families least prepared to weather the public health and economic crises that gripped the country in 2020,” Mike Pierce, the executive director of the Student Borrower Protection Center, said Friday on a call that the White House...

While the justices and attorneys debate these broad legal questions inside the court house, hundreds borrowers and advocates will be rallying outside. The idea behind the gathering, which a coalition of student loan advocacy organizations, civil rights groups, labor unions and others is hosting is to “keep bringing the story...

“This is an extraordinary nearly unprecedented outcome for lawsuits that were filed just a few months ago,” Mike Pierce, a former senior regulator, attorney, and executive director of Student Borrowers Protection Center (SBPC), said at the SDCC town hall. “We’ve skipped through every step of the normal judicial process —...

Proponents of the relief include two top labor unions, the National Education Association and the American Federation of Teachers; a coalition of city and county governments nationwide; 21 Democratic-led states and Washington, DC; and liberal-leaning advocacy groups such as the Student Borrower Protection Center and NAACP.