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  1. Media & Events
  2. News Clips

News Clips


  • News Clips
    Nov 4, 2022

    Rohit Chopra is cracking down on big banks and Big Tech — and business groups claim he’s out of control

    “This was the moment that people in Washington started to take student debt seriously,” Pierce said. Chopra’s agenda-setting work in those days, he said, helped shape monumental changes in the student-loan market over the next decade–including the Biden administration’s announcement this summer on student debt cancellation. 

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  • News Clips
    Oct 25, 2022

    Biden student debt relief in legal limbo, but advocates urge people to keep applying

    “The most important thing is that people apply for debt relief. Nothing has changed,” Mike Pierce, executive director and co-founder of the Student Borrower Protection Center, told ABC News. “The fact that the application is open, it is simple, it works, it is easy, and the administration is putting the building blocks in place to be able to press the button and cancel everybody’s debts as soon as they’re able to do so?…

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  • News Clips
    Oct 25, 2022

    Deadline Nearing, White House Plans Wider Changes to Public Service Student Loan Relief

    The changes announced Tuesday “are good news for borrowers,” said Mike Pierce, the executive director of the Student Borrower Protection Center, an advocacy group. “The administration realized that the system was bending under the deadline, and they found a way forward for most people.”

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  • News Clips
    Oct 24, 2022

    Student Loan Forgiveness Lawsuits: What to Know About the Legal Challenges

    “We have a politically motivated lawsuit about whether or not MOHELA’s right to make money is more important than the borrower’s right to get relief,” says Yu, a sentiment echoed by many student debt cancellation advocates, including Missouri congresswoman Cori Bush. It puts the financial interests of entities like MOHELA ahead of the interests of student loan borrowers, says Yu.

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  • News Clips
    Oct 22, 2022

    Hours-long hold times with their student-loan company are keeping public servants in a ‘limbo period’ wondering if they’ll get the debt relief they qualify for

    Aissa Canchola Bañez, senior advisor for policy and strategy at advocacy group Student Borrower Protection Center, told Insider that borrowers experiencing these challenges should be filing complaints with the Education Department. “The best way that we can change these practices is shedding light on just how egregious and how systemic some of these servicing failures are on MOHELA’s part,” she said.

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  • News Clips
    Oct 21, 2022

    Biden’s student-loan forgiveness can move forward for now after a federal judge just threw out one of the most serious GOP lawsuits against the debt relief

    “Today, a federal judge confirmed what lawyers in and out of government have long known: Joe Biden can cancel student debt broadly and immediately,” Mike Pierce, executive director of advocacy group Student Borrower Protection Center, said in a statement. “As right-wing politicians and corrupt corporations fight against this historic effort to deliver life-changing debt relief to tens of millions of families, borrowers have their clearest sign yet that the law is on their…

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  • News Clips
    Oct 18, 2022

    Everything to know to apply for student loan forgiveness

    “This additional relief for Pell borrowers is also an important piece of racial equity in cancellation,” said Kat Welbeck, Civil Rights Counsel for the Student Borrower Protection Center. “Because student debt exacerbates existing inequities, the racial wealth gap means that students of color, especially those that are Black and Latino, are more likely to come from low-wealth households, have student debt, and borrow in higher quantities.”

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  • News Clips
    Oct 18, 2022

    More U.S. companies charging employees for job training if they quit

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  • News Clips
    Oct 6, 2022

    Financial nightmare may soon be over for thousands of spouses caught up in joint consolidation student loans

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  • News Clips
    Oct 4, 2022

    A student-loan company that took over public servants’ accounts is involved in one of the first major lawsuits against Biden’s debt cancellation

    “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 billions of dollars to companies like MOHELA since they were created by state legislatures decades ago,” Pierce added. “This must end now…”

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