News Clips

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 do it, for sure. “Hey guys, as long as you’re suing to block us from canceling some debt for some borrowers, no one…

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 partisan legal challenges persist.” Pierce has said Biden should explore other legal avenues to cancel student debt should the courts dismiss the one…

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 restricted or entirely eliminated their chance for debt relief, shouldn’t the logical fix be full debt relief for everyone?  “There’s something really illogical…

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 claim.”

“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. 

“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?…