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Social Security


  • News Clips
    Feb 27, 2023

    Challenges to Student Loan Cancellation Reach Supreme Court

    “The borrowers most likely to struggle disproportionately come from lower-income households — the families least prepared to weather the public health and economic crises that gripped the country in 2020,” Mike Pierce, the executive director of the Student Borrower Protection Center, said Friday on a call that the White House had arranged for reporters.

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  • News Clips
    Feb 26, 2023

    What you need to know about Tuesday’s student-debt relief Supreme Court showdown

    While the justices and attorneys debate these broad legal questions inside the court house, hundreds borrowers and advocates will be rallying outside. The idea behind the gathering, which a coalition of student loan advocacy organizations, civil rights groups, labor unions and others is hosting is to “keep bringing the story back to the people that are going to get hurt if the Court takes away people’s right to student debt relief,” said Mike…

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  • News Clips
    Feb 26, 2023

    Student loans: Will law or politics win in Biden’s loan forgiveness lawsuits?

    “This is an extraordinary nearly unprecedented outcome for lawsuits that were filed just a few months ago,” Mike Pierce, a former senior regulator, attorney, and executive director of Student Borrowers Protection Center (SBPC), said at the SDCC town hall. “We’ve skipped through every step of the normal judicial process — no finding of fact by a trial court — to a rapid and hasty rush to get this policy in front of a…

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  • News Clips
    Feb 25, 2023

    Biden’s student-loan forgiveness is about to have its day at the Supreme Court. Here’s everything you need to know.

    Proponents of the relief include two top labor unions, the National Education Association and the American Federation of Teachers; a coalition of city and county governments nationwide; 21 Democratic-led states and Washington, DC; and liberal-leaning advocacy groups such as the Student Borrower Protection Center and NAACP.

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  • News Clips
    Feb 25, 2023

    Biden faces prospect of being unable to deliver on student loan forgiveness

    “This is a lot of people, 40 million, and about half would be debt free as a result of this program,” said Persis Yu, managing counsel of the Student Borrower Protection Center, one of the groups hosting the protest. “The other thing that’s really important to recognize is that as life-changing as this would be, it would be devastating for them if it doesn’t happen.”

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  • News Clips
    Feb 24, 2023

    Georgians Head to D.C. to Rally for Student-Loan Debt Cancellation

    Groups across the country wanting at least some student debt erased plan to rally on Tuesday in front of the Supreme Court building, including some from Georgia. The New Georgia Project Action Fund is mobilizing about 45 young borrowers of color for a bus trip from Atlanta to Washington, D.C., to attend the rally.

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  • News Clips
    Feb 24, 2023

    Black student loan borrowers at risk as U.S. Supreme Court weighs forgiveness plan

    On the day of the oral arguments on Feb. 28, more than 20 advocacy groups and several congressional Democrats are planning to rally outside the Supreme Court. Some of those groups include the NAACP, the Student Borrower Protection Center, American Federation of Teachers and New Georgia Project.

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  • News Clips
    Feb 23, 2023

    Student Loan Forgiveness: How Will the Supreme Court Hearings Impact You?

    A “People’s Rally for Student Debt Cancellation” protest of the plan in front of the Court is scheduled for that day, and co-sponsors of the rally include the Center for Responsible Lending (CRL), the Debt Collective, the Student Borrower Protection Center (SBPC), the NAACP, MoveOn, the National Consumer Law Center (NCLC), and the National Education Association (NEA).

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  • Blogs
    Feb 23, 2023

    To Protect Student Loan Borrowers, the FDIC Must Double Down on its Newfound Effort to Weed Out Predatory Rent-A-Bank Schemes

    The FDIC’s recent action against TAB Bank should mark the start of a broader effort weed out predatory student loan rent-a-bank partnerships.

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  • News Clips
    Feb 23, 2023

    Rally supporting student debt cancellation to take place outside Supreme Court

    The rally is planned for the day the Court will hear oral arguments in two cases challenging the Biden Administration’s student debt cancellation program. Legal experts from the Student Borrower Protection Center, National Consumer Law Center and Democracy Forward plan to attend the hearings.

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  • News Clips
    Feb 22, 2023

    Student Debt Can Make You Sick: 3 Ways to Deal With the Stress

    Among borrowers on track to receive Public Service Loan Forgiveness with 37-48 student loan payments remaining, 18% reported suicidal thoughts, per a 2022 study by the Student Borrower Protection Center. According to the study, this is at least double the percentage of those who noted suicidal thoughts with fewer remaining payments, or who had already reached forgiveness.

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  • News Clips
    Feb 22, 2023

    What to Watch for as Student Debt Cancellation Heads to the Supreme Court

    “I don’t know many people in the world, and certainly none of the clients that I’ve ever worked with, who would say that, ‘all of a sudden, I can start making several hundred-dollar payments that I didn’t have to make the month before,’” Yu says. “It’s a big issue for older Americans, it’s a big issue for people with disabilities, it’s a big issue for communities of color, it’s a big issue for…

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  • News Clips
    Feb 22, 2023

    NAACP to lead protests outside Supreme Court for student loan forgiveness

    “The logical remedy for the harm that they said they suffered would be to expand the program, but that’s not what they’re asking for,” Yu said. “They’re asking for it to be completely invalidated for no one to get relief, and I think that’s how this is not genuinely about the borrowers who are excluded, but this is a politically motivated lawsuit as well.”

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  • News Clips
    Feb 20, 2023

    Student Loan Borrowers to Rally ‘In Full Force’ as Supreme Court Weighs Biden Relief Plan

    “For too long the student debt crisis has exacerbated racial and economic inequality,” organizers argue on the Campaign to Cancel My Student Debt website, managed by the Student Borrower Protection Center. “Working people are looking to SCOTUS to follow the letter of the law and uphold critical relief for millions of student loan borrowers.”

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  • News Clips
    Feb 20, 2023

    Big Moment For Student Loan Forgiveness Is Just Around The Corner

    Many of these organizations filed amicus curiae briefs with the Supreme Court last month, urging the justices to uphold the Biden initiative. “The briefs represent the breadth of communities that stand to benefit from student debt relief, including working people, borrowers of color, veterans, older people, people of faith, along with cities and states across the country,” said the Student Borrower Protection Center (SBPC) in an earlier statement. “Together, these briefs showcase the…

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  • News Clips
    Feb 20, 2023

    Student-loan borrowers are gearing up to camp overnight outside the Supreme Court ahead of arguments on Biden’s debt relief to ‘make sure that the justices look into the eyes of borrowers’

    Lubin said that his organization alone is planning to bring out around 100 college students from Arizona, Georgia, Michigan, Pennsylvania, and Wisconsin — all swing states — to the Supreme Court to participate in a rally led by a coalition of groups, including the Student Borrower Protection Center, NAACP, Student Debt Crisis Center, and Young Invincibles, outside the Court on February 28, the day of the arguments. His group is also camping out…

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  • News Clips
    Feb 19, 2023

    He took out a student loan in ’77. Today, he’s barely cracked the principal.

    In January, the advocacy group Student Borrower Protection Center sent a letter urging the Education Department to reconsider excluding time in default from the account adjustment, saying “failure to fully remedy these harms would be an unforced error.”

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  • News Clips
    Feb 18, 2023

    Some critics of Biden’s student-loan forgiveness say the relief will help rich people the most. New data suggests the exact opposite.

    Included in those briefs was one from 128 House Republicans voicing opposition to Biden’s plan. Alongside the new data from the Education Department, an analysis from advocacy group Student Borrower Protection Center found that nearly 12 million borrowers in all of those lawmakers’ districts would stand to benefit from the relief.

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  • News Clips
    Feb 17, 2023

    Here’s What Students Need to Know About Biden’s New Income-Driven Repayment Plan

    Increasing the discretionary income cutoff to 225% is also a step in the right direction. Persis Yu of the Student Borrower Protection Center said the cutoff would ideally be 400%, but the proposal gets closer to the 250-300% most borrowers need to sustain a living wage.

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  • Letters & Memos
    Feb 17, 2023

    Letter in Response to the Department of Education’s Request for Information Regarding Higher Education Act Pooled Evaluation

    SBPC urges ED to conduct long-overdue scrutiny of the student loan system, study the effects of debt on borrowers’ lives, and provide basic but unknown facts about federal student lending.

    More

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