In the News

“The administration is really looking out for people that tried college and it didn't work out for them,” says Mike Pierce, executive director and co-founder of the Student Borrower Protection Center.

Fredericks filed her lawsuit with the help of Towards Justice, a legal aid group assisting workers, and the Student Borrower Protection Center, a nonprofit watchdog of the student loan industry. Attorney Mike Pierce, the center’s director, said Ameriflight’s repayment agreement is another illustration of employers trying to foist the cost...

Bonnie Latreille, the FSA ombudsman and co-founder of the Student Borrower Protection Center, took over the ombudsman’s office in July 2021... Mike Pierce, executive director of the Student Borrower Protection Center, said the ombudsman’s report did a good job of highlighting the pain points in student loan policy and putting a face...

“For nearly three decades, IDR has failed to live up to its promise of an affordable lifeline for federal student loan borrowers. Instead, the program perpetuated an inescapable debt trap–leaving millions of borrowers vulnerable to devastating collection tools,” Yu said in a statement. “By canceling any unpaid interest each month,...

"If Frank's primary function was to get people through the financial aid application, and Frank promised to JPMorgan Chase that their account holders comprised [4.25] million people, that would be a quarter of all financial aid applications in America, depending on how you measure it," said Mike Pierce, executive director...

In the past few years, just over a half-dozen states have passed related laws targeting transcript withholding. The movement represents a paradigm shift as policymakers and colleges begin to rethink what has been a common but ineffective tool for debt collection, said Winston Berkman-Breen, deputy director of advocacy and policy...

In a series of letters Massachusetts Sen. Warren sent out on Wednesday, she asked nearly 20 advocacy groups — including the NAACP, the Student Borrower Protection Center, and The Debt Collective — how the efforts to block President Joe Biden's plan to cancel up to $20,000 in student debt for federal borrowers...

Advocates lauded the proposed improvements but expressed disappointment with this exclusion. "It ignores the reality that low-income families—especially low-income families of color—are more likely to rely on Parent PLUS loans or need to get a graduate degree to earn the same salary as their wealthier white peers," Persis Yu, deputy executive director...

The IDR overhaul "is hugely important," Persis Yu, deputy executive director of the Student Borrower Protection Center (SBPC), an advocacy group for people with student debt, told CBS MoneyWatch. "We see so many borrowers say, 'I don't get it — I took out $15,000 and now I owe $40,000,' which...

“These briefs reinforce and expand on the U.S. Department of Justice’s case that student debt relief is legal and necessary and that legal challenges brought against student debt relief lack standing,” the Student Borrower Protection Center (SBPC) said in an email on Wednesday. SBPC advocates to protect student loan borrowers.