“Today, President Biden took a major step forward to help free millions of American workers and families from the weight of the student loan debt crisis—an extraordinary achievement in its own right and a clear reminder of the work that remains to be done,” said SBPC executive director Mike Pierce. “The door to transformational debt relief is now officially open, millions have already walked through it and we must ensure no borrower is left behind. Make no mistake, this would not have been possible without the millions of borrowers who spoke out and the Biden Administration who demonstrated the power of a government that listens and centers the people. We applaud the Administration’s efforts thus far and look forward to working towards a future where no borrower has to bear the burden of student debt.”
About Student Borrower Protection Center
The Student Borrower Protection Center (SBPC) is a nonprofit organization focused on alleviating the burden of student debt for millions of Americans. The SBPC engages in advocacy, policymaking, and litigation strategy to rein in industry abuses, protect borrowers’ rights, and advance economic opportunity for the next generation of students.