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  1. Media & Events
  2. News Clips

News Clips


  • News Clips
    Jan 12, 2023

    Biden has a backup plan for student debt relief. Here’s how it works.

    The IDR overhaul “is hugely important,” Persis Yu, deputy executive director of the Student Borrower Protection Center (SBPC), an advocacy group for people with student debt, told CBS MoneyWatch. “We see so many borrowers say, ‘I don’t get it — I took out $15,000 and now I owe $40,000,’ which is emotionally demoralizing and financially devastating.” IDRs “worked in a really toxic way before,” she said.

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  • News Clips
    Jan 12, 2023

    Varied groups file briefs to the Supreme Court supporting Biden’s student loan forgiveness

    “These briefs reinforce and expand on the U.S. Department of Justice’s case that student debt relief is legal and necessary and that legal challenges brought against student debt relief lack standing,” the Student Borrower Protection Center (SBPC) said in an email on Wednesday. SBPC advocates to protect student loan borrowers.

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  • News Clips
    Jan 12, 2023

    Coalition Filed 13 Amicus Curiae Briefs With SCOTUS in Support of Biden’s Student Loan Cancellation

    One of the 13 briefs was filed by the Student Borrower Protection Center, and has signatures of over 70 legal services and borrower advocacy organizations from across the country. According to the center, the brief focuses on real life stories of borrowers “crushed by the weight of student debt” and “the financial devastation caused by the pandemic.” The brief argues that the federal government has previously provided direct financial support to families, small…

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  • News Clips
    Jan 11, 2023

    The Leslie Marshall Show – 1/11/23 – Student Debt Cancellation Heads to the Supreme Court

    “We’re now in a place where the Supreme Court has this incredibly high stake decision to make, about whether or not these dark money-funded, right-wing challenges to debt relief can succeed and can block tens of millions of Americans from the relief they deserve. And now we know who’s on the side of borrowers, and it’s really amazing—it’s the full breadth of the coalition [those who submitted 13 amici briefs in support of…

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  • News Clips
    Jan 11, 2023

    Income-Driven Repayment Changes to Create ‘Student Loan Safety Net’

    “For nearly three decades, IDR has failed to live up to its promise of an affordable lifeline for federal student loan borrowers,” said Persis Yu, deputy executive director of the Student Borrower Protection Center. “Instead, the program perpetuated an inescapable debt trap—leaving millions of borrowers vulnerable to devastating collection tools. By canceling any unpaid interest each month, reducing monthly payments, and providing access to defaulted borrowers, the Biden administration has begun to deliver…

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  • News Clips
    Jan 11, 2023

    Everything You Need to Know About Student Loan Repayment Changes

    “Equity demands that these [Parent PLUS and graduate] borrowers have equal access to an affordable payment plan and the necessary supports to free themselves from the crushing weight of student debt. The Secretary must include them in the final rule,” Persis Yu, deputy executive director of the SBPC, said in a statement.

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  • News Clips
    Jan 11, 2023

    ‘Exploitative’ student-loan companies and GOP groups cannot ‘continue to hold borrowers hostage,’ a Democratic lawmaker says — and she’ll fight for debt relief ‘until every legal solution has been exhausted’

    On a press call led by the Student Borrower Protection Center, Rep. Cori Bush expressed support for the briefs — and criticize the states’, and MOHELA’s, role in blocked debt relief for millions of Americans.

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  • News Clips
    Jan 11, 2023

    Parents who took on student loans for their kids’ educations aren’t included in Biden’s new debt relief proposals

    “The Department’s plan remains out of reach for many of the students and families who are forced to take on some of the greatest amounts of debt in hopes of achieving social mobility,” Persis Yu, deputy executive director of advocacy group Student Borrower Protection Center, said in a statement.

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  • News Clips
    Jan 10, 2023

    A New Student Loan Plan Could Reduce the Burden for 10 Million Borrowers. Here’s How

    Those with Parent PLUS loans, which are given to the parents of an undergraduate student, are not eligible, much to the dismay of nonprofits like the Student Borrower Protection Center (SBPC). While they praised many of the proposed amendments, the SBPC also said the Education Department’s plan “ignores the reality that low-income families—especially low-income families of color—are more likely to rely on Parent PLUS loans or need to get a graduate degree to…

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  • News Clips
    Jan 10, 2023

    New federal student loan repayment plan aimed at low-income borrowers

    The deputy executive director of the Student Borrower Protection Center, Persis Yu, said in a statement that while the proposals are significant, the Department of Education should go further by including Parent PLUS loans and graduate student loan borrowers in the program.

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