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The door to transformational debt relief is now officially open, millions have already walked through it and we must ensure no borrower is left behind.

A new lawsuit may finally get relief for millions of borrowers unfairly denied relief for years, including during COVID, using a law that lenders themselves lobbied for to boost their profits.

AFT and SBPC allege that the sham lawsuit by Missouri Higher Education Loan Authority (MOHELA) violates California law and the company is potentially liable for more than $175 billion in damages.

SBPC announces major personnel changes: Aissa Canchola Bañez as Senior Advisor for Policy and Strategy, Ella Azoulay as Research and Policy Analyst, Brandon Herrera as Communications and Digital Coordinator, Persis Yu now as Deputy Executive Director and Claire Torchiana as SBPC Fellow.

"This suit is just the latest chapter in a long history of student loan companies like MOHELA and their Republican allies cheating people with student debt out of their rights," Mike Pierce, the executive director of the advocacy group Student Borrower Protection Center, said in a statement. "Governments have given...

In response to the lawsuit, Persis Yu, of the Student Borrower Protection Center, says, "FFEL lenders have shown their true colors. Instead of working in the interest of student loan borrowers – their customers – these lenders are holding hostage relief to millions of borrowers in order to keep making...

“There are big open questions about how people are going to connect the dots,” Mike Pierce, the executive director of the Student Borrower Protection Center, said in an interview. “But the track record for the student loan system isn’t good. In some ways, all the White House is doing here...

The student loan industry has made it painfully clear to the American people that they will stop at nothing to protect their profits. For decades, borrowers, advocates, and law enforcement officials have raised the alarm on the student loan industry’s illegal and deceptive practices—including in a scathing report from a...

If the idea is to keep student loans affordable for borrowers and the government determines what’s affordable based on income, “it doesn’t really make logical sense,” that you would make a distinction between how much a borrower has to pay based on their degree, said Persis Yu, deputy executive director...

“Anyone who has interacted with the student loan system in this country knows that automatic relief programs are the only relief programs that work,” Mike Pierce, the executive director and co-founder of the Student Borrower Protection Center, said in a written statement.