Social Security

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.

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…

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.

“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.

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.

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.

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…