Social Security

Persis Yu, deputy executive director and managing counsel for the Student Borrower Protection Center, says that this email puts many borrowers back “in limbo.” “[Tuesday’s email] may not seem like a big deal, but borrowers are trying to figure out how to move on with their lives,” Yu says. “And so they’re hanging on these words and these words matter.”

“The letter of the law is clear: canceling student debt was legal when Joe Biden announced his historic debt relief plan in August and remains so today,” said Mike Pierce, executive director of the Student Borrower Protection Center. “In the wake of a series of radical decisions decimating fundamental rights Americans hold dear, the public now rightfully questions whether this court is interested in pursuing justice or upholding the rule of law.

Characterizing the email snafus as “disastrous errors,” the Student Borrower Protection Center (SBPC) wrote to Education Secretary Miguel Cardona last week, arguing that “this stunning and embarrassing display of incompetence by one of the big financial firms that manages the student loan system is sowing further confusion” and is “fanning the flames of misinformation” that have plagued the student loan system. “Errors like this are not only costly and unacceptable, but likely violate…

“This extension means that struggling borrowers will be able to keep food on their tables during the holiday season — and the coming months — as the Administration does everything it can to beat back the baseless and backward attacks on working families with student debt,” said Mike Pierce, executive director of the Student Borrower Protection Center, in a statement following the news.

Among 1,500 midterm voters polled by the Student Borrower Protection Center and Seven Letter Insight after the general election in November, just over half (51 percent) said that student debt relief was either the only reason they voted or was very or somewhat motivating to their decision to go to the polls, with 25 percent saying it was very motivating.

“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.

“The collective amici are on the front lines helping borrowers survive financial havoc wrought by the double whammy of the broken student loan system and COVID-19 pandemic,” said Persis Yu, deputy executive director at the Student Borrower Protection Center, in a news release. “We have faith that the Supreme Court will see through the political chicanery and allow this critical program to deliver the relief that 40 million working and middle-class borrowers desperately need.”

In a statement, the Student Borrower Protection Center said, “Once again, the credibility of the Supreme Court rests on its ability to recognize what we all know to be true: Canceling student debt is legal and necessary to secure the financial futures of 40 million Americans.”

“We applaud President Biden for extending this pause on student loan payments now and for affirming his intent to cancel student debt in the months ahead,” Mike Pierce, executive director of the Student Borrower Protection Center, said in a statement.

Student Borrower Protection Center executive director Mike Pierce stressed that “the letter of the law is clear: Canceling student debt was legal when Joe Biden announced his historic debt relief plan in August and remains so today.”

“As this country works its way out of the COVID-19 pandemic, working and middle-class Americans are counting on the President to deliver on his promise of student debt relief,” Persis Yu, the deputy executive director and managing counsel at the advocacy group Student Borrower Protection Center, which filed one of the briefs, said in a statement. “The collective Amici are on the front lines helping borrowers survive financial havoc wrought by the double…

“The administration has done a good job of laying out its reasoning for using the HEROES Act to implement the president’s $10,000/$20,000 debt relief plan and its authority for doing so as well,” said Persis Yu, deputy executive director of the Student Borrower Protection Center. “The law is on the administration’s side.”

The letters are helping “folks understand a bit better why they haven’t had their debts forgiven yet,” noted Mike Pierce, executive director of the advocacy group Student Borrower Protection Center. “That doesn’t completely do away with the very real economic anxiety that people with student loans feel at this moment.”