Media

New research from the Student Loan Law Initiative shows that the payment pause was even more helpful and even better targeted than previously understood for California borrowers.

Founded in 2011, SoFi “was once the leader of a booming private student loan refinancing industry,” according to to the Student Borrower Protection Center (SBPC), a nonprofit advocacy group. SoFi’s stock price has plummeted by more than 70% since its peak. “SoFi CEO Anthony Noto is a financial vulture gorging...

“The real story here is the huge risk this [lawsuit] poses to tens of millions of working people who SoFi would never lend to — families across the country that depend on the student loan payment pause to shield them from financial devastation,” said Mike Pierce, executive director of the...

“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,...