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  1. Media & Events
  2. News Clips

News Clips


  • News Clips
    Jan 10, 2023

    More relief for student borrowers could come under new rules

    Meanwhile, some of those who welcomed the extra relief criticized the proposal for excluding loans taken out by parents and graduate students. “It ignores the reality that low-income families — especially low-income families of color — are more likely to rely on ParentPLUS loans or need to get a graduate degree to earn the same salary as their wealthier white peers,” said Persis Yu, deputy executive director of the Student Borrower Protection Center.

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  • News Clips
    Jan 10, 2023

    Exclusive: New Biden student loan plan unveiled amid agency funding crisis

    Mike Pierce, executive director of the Student Borrower Protection Center and an outspoken supporter of Biden’s debt relief plan, says, as long as there are federal student loan borrowers, there must be investment in a system to support them. “If they are confused about what their options are, it costs money to pay a person to walk them through what their rights are,” Pierce says. “If they just need paperwork processed, it costs…

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  • News Clips
    Jan 3, 2023

    More Money for Pell Grants, Research

    Mike Pierce, executive director of the Student Borrower Protection Center, applauded the bill’s passage in a statement. “Despite claims by some Republican lawmakers, this funding bill is clean and simple—a bipartisan show of financial support for the President’s promise to help all borrowers as they recover from the COVID-19 pandemic and navigate our badly broken student loan system,” Pierce said.

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  • News Clips
    Dec 28, 2022

    The White House embraced debt forgiveness in 2022. Here’s what student-loan borrowers can expect in 2023.

    “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.

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  • News Clips
    Dec 20, 2022

    Planned Virginia Legislation Would Limit Transcript Withholding: Report

    Lawmakers in several states in addition to Virginia have also introduced billsans, according to the Student Borrower Protection Center, including Connecticut, Louisiana, Maryland Massachusetts and New Jersey. “As more states prohibit transcript withholding as a debt collection tactic, they are also looking to the future and asking ‘How can we help students with the underlying debt itself?’” Student Borrower Protection Center Executive Director Mike Pierce said in a statement earlier this year. “Now…

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  • News Clips
    Dec 17, 2022

    The student loan company being used to attack Biden’s debt relief plan

    Progressives object to the idea that the interests of any Education Department contractor would be used to overturn an administration’s student loan policy. “It’s not just that this could derail debt cancellation, but it sets up a dynamic where the legal status of these contractors creates veto points in the student loan system that allows it to become even more partisan and more dysfunctional,” said Mike Pierce, the executive director of the Student…

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  • News Clips
    Dec 15, 2022

    Student debt relief email error leaves millions in the lurch

    Deputy executive director and managing counsel for the Student Borrower Protection Center, Persis Yu, says this will leave borrowers “in limbo” until the Supreme Court hears the case next year.

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  • News Clips
    Dec 15, 2022

    The Education Department ‘failed to protect some of the most vulnerable student-loan borrowers’ who had their wages stripped from them illegally during the pandemic, Elizabeth Warren says of a new ‘alarming report’

    On Thursday, the Student Borrower Protection Center released a report that found, via a Freedom of Information Act (FOIA) request submitted by advocacy group Student Defense, that the Education Department continued to garnish student-loan borrowers’ wages after Congress required the department to cease those collection tactics when the pandemic began in March 2020.

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  • News Clips
    Dec 15, 2022

    Student Debtors Say Life’s Better With Finish Line in Sight

    “I think when you get close to forgiveness, it starts to change the mental maps of people,” says Dan Collier, assistant professor in the leadership department at the University of Memphis, who helped write the report for the Student Borrower Protection Center, or SBPC. The results come from surveying 785 student loan borrowers who are aiming for or who already received Public Service Loan Forgiveness. Up to this point, it was unclear exactly…

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  • News Clips
    Dec 15, 2022

    Wage garnishments for student loan debt continued despite payment pause, records show

    A Freedom of Information Act (FOIA) request analyzed by the advocacy group Student Borrower Protection Center revealed the Education Department continued garnishing people’s wages at least through August 2021, 10 months longer than the agency’s inspector general reported. “It’s a leaky faucet that they can’t seem to fix,” said Persis Yu, deputy executive director and managing counsel at the Student Borrower Protection Center. “If the department has no real control, then the system…

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