News Clips

“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 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 will see through the political chicanery and allow this critical program to deliver the relief that 40 million working and middle-class borrowers desperately need.”

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.

Student Borrower Protection Center executive director Mike Pierce stressed that “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.”

“As this country works its way out of the COVID-19 pandemic, working and middle-class Americans are counting on the President to deliver on his promise of student debt relief,” Persis Yu, the deputy executive director and managing counsel at the advocacy group Student Borrower Protection Center, which filed one of the briefs, said in a statement. “The collective Amici are on the front lines helping borrowers survive financial havoc wrought by the double…

“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 administration’s side.”

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.”