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"The administration has done a good job of laying out its reasoning for using the HEROES Act to implement the president's $10,000/$20,000 debt relief plan and its authority for doing so as well," said Persis Yu, deputy executive director of the Student Borrower Protection Center. "The law is on the...

The letters are helping "folks understand a bit better why they haven't had their debts forgiven yet," noted Mike Pierce, executive director of the advocacy group Student Borrower Protection Center. "That doesn't completely do away with the very real economic anxiety that people with student loans feel at this moment."

On Monday, 225 organizations led by the Student Borrower Protection Center sent a letter to Biden calling on him to extend the pause on student-loan payments beyond its current expiration date of December 31. Two conservative lawsuits have blocked indefinitely the president's plan to forgive up to $20,000 in student...

SBPC and the American Federation of Teachers wrote to MOHELA in October asking the organization to withdraw from the suit. In the letter they warned that participating in the suit puts the MOHELA at risk of violating a California law regulating student loan servicers in that state.That’s because the law bans these...

“Servicers need to do a better job at articulating the world as it is to borrowers,” Student Borrower Protection Center’s (SBPC) Executive Director and Managing Counsel Persis Yu told The Hill. “One of the things we’ve seen historically is that with these announcements, instead of saying something as simple as...

“For years, federal student loan borrowers in financial distress have sought relief from crushing debt loads through bankruptcy courts, only to be defeated by the Departments’ policies and litigation choices,” said Student Borrower Protection Center (SBPC) Deputy Executive Director Persis Yu in a statement. “Borrowers deserve a consistent and predictable...

Reaction to the ruling was predictably mixed along political fault lines. The Student Borrower Protection Center blasted Pittman as a “right-wing federal judge,” saying “tens of millions of student loan borrowers across the country now have their vital debt relief blocked as a result of this farcical and fabricated legal...

The Student Borrower Protection Center’s Michael Pierce, a deputy assistant director of the Consumer Financial Protection Bureau under Obama, called on the Biden administration to “make it clear that the student loan system will remain shut off as long as these partisan legal challenges persist.” That would be one to...

Michael Pierce who served as a deputy assistant director of the Consumer Financial Protection Bureau during the Obama administration and is now at the Student Borrower Protection Center, has called for the administration to “make it clear that the student loan system will remain shut off as long as these...

And as Student Borrower Protection Center deputy executive director and managing counsel Persis Yu pointed out to Teen Vogue in her October interview, the plaintiffs seem to be using the plan’s restrictions to make a counterintuitive argument. If the original suit claims that part of the plaintiffs’ “harm” is that the plan...