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The SBPC, a national nonprofit working to end the student debt crisis, announced that SBPC co-founder Mike Pierce will serve as the next executive director of the organization and Persis Yu will join as the SBPC’s new policy director and managing counsel.

The SBPC and NCLC released the following statements in response to press reports that ED is weighing but has not yet taken steps to protect millions of federal student loan borrowers from the harsh consequences of default.

Other changes include plans to simplify the application process, review denied applications to correct prior errors, remove barriers that deter participation of members of the military and improve communication with eligible borrowers, the agency said. 

For too long, the Department of Education has chosen to squeeze blood from a stone rather than change the practices and rules that keep borrowers trapped in default.

A limited waiver announced by the U.S. Department of Education is expected to immediately wipe the slate clean for 22,000 student borrowers seeking Public Service Loan Forgiveness and speed the process for at least 550,000 overall.

The U.S. Department of Education and American Federation of Teachers announced an historic settlement building on the recently-announced overhaul of the struggling Public Service Loan Forgiveness program. In response to this announcement, Student Borrower Protection Center Executive Director Seth Frotman released the following statement.

The Department of Education announced steps to overhaul the notoriously troubled Public Service Loan Forgiveness program. In response to this announcement, Student Borrower Protection Center Executive Director Seth Frotman released the following statement.

Yesterday, a group of brave active duty servicemembers was featured sharing their firsthand accounts of student loan challenges with CBS News’ “60 Minutes” show.

The changes will come in two phases — a long-term renovation to make the program easier to navigate, achieved through the federal process known as rulemaking, and a temporary move using the department's executive authority to retroactively relax the program's rules to immediately help thousands of affected borrowers.

Today, the U.S. Senate voted to confirm current FTC Commissioner Rohit Chopra to be the next Director of the CFPB. In response, SBPC Executive Director Seth Frotman issued the following statement.