In the News

“The letter of the law is clear: canceling student debt was legal when Joe Biden announced his historic debt relief plan in August and remains so today,” said Mike Pierce, executive director of the Student Borrower Protection Center. “In the wake of a series of radical decisions decimating fundamental rights...

Characterizing the email snafus as “disastrous errors,” the Student Borrower Protection Center (SBPC) wrote to Education Secretary Miguel Cardona last week, arguing that “this stunning and embarrassing display of incompetence by one of the big financial firms that manages the student loan system is sowing further confusion” and is “fanning...

“This extension means that struggling borrowers will be able to keep food on their tables during the holiday season — and the coming months — as the Administration does everything it can to beat back the baseless and backward attacks on working families with student debt,” said Mike Pierce, executive...

Among 1,500 midterm voters polled by the Student Borrower Protection Center and Seven Letter Insight after the general election in November, just over half (51 percent) said that student debt relief was either the only reason they voted or was very or somewhat motivating to their decision to go to...

“2023 is going to be a huge year in the student-loan world,” said Persis Yu, deputy executive director at the Student Borrower Protection Center, an advocacy group.

The Student Borrower Protection Center, which has been critical of OPMs and the Education Department’s oversight of the industry, said on social media that “this letter is a key step toward ending abuses and protecting borrowers.”

Ben Kaufman, director of research and investigations at the Student Borrower Protection Center, said the bureau’s 2021 action with Better Future Forward was an important step in stating that ISAs are loans, but some providers have continued to assert that their ISAs aren’t loans. With the disclosure form, he was...

“The collective amici are on the front lines helping borrowers survive financial havoc wrought by the double whammy of the broken student loan system and COVID-19 pandemic,” said Persis Yu, deputy executive director at the Student Borrower Protection Center, in a news release. “We have faith that the Supreme Court...

In a statement, the Student Borrower Protection Center said, “Once again, the credibility of the Supreme Court rests on its ability to recognize what we all know to be true: Canceling student debt is legal and necessary to secure the financial futures of 40 million Americans.”

“We applaud President Biden for extending this pause on student loan payments now and for affirming his intent to cancel student debt in the months ahead,” Mike Pierce, executive director of the Student Borrower Protection Center, said in a statement.