Read quotes from borrowers across the country on the need for affordable student debt payments and relief.
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Read the full remarks of Persis Yu before ED.
Persis Yu, Deputy Executive Director and Managing Counsel for Student Borrower Protection Center, is scheduled to provide public comment during the hearing.
Congressional Republicans want to make it harder for their own constituents to afford graduate education and compete in today’s job market.
Mike Pierce is the Executive Director for the Student Borrower Protection Center, a nonprofit that fights for people with student debt. InvestigateTV spoke with Pierce about concerns borrowers have related to wage garnishment.
You can get help from nonprofits like the Student Borrower Protection Center and the Institute of Student Loan Advisors; you can also find student-loan specialists at both the National Foundation for Credit Counseling and the Financial Counseling Association of America.
Ft. SBPC Legal Director Winston Berkman-Breen
Instead of investing in public education and making college more affordable for working families, the Republican tax bill will make it harder for families to make ends meet and push millions further into debt—all to pay for another round of tax cuts for billionaires.
Khandice Lofton is counsel for the Student Borrower Protection Center. She says this change could have devastating financial consequences. “Borrowers are already struggling with rising costs in the economy: groceries, rent, childcare. This just couldn’t come at a worse time,” Lofton said.
As Trump and McMahon prepare to set their student debt collectors loose on American families, ED has yet to answer basic questions about how this will work, who will be required to pay, when payments are collected, and how much borrowers will owe.
“This is cruel, unnecessary and will further fan the flames of economic chaos for working families across this country,” said Mike Pierce, executive director of the Student Borrower Protection Center.