Written Testimony of Jennifer Mishory, Deputy Director, Young Invincibles
Chairman Brown, Ranking Member Corker, and other members of the Subcommittee on Financial Institutions and Consumer Protection: thank you for having me here today. My name is Jennifer Mishory and I am the deputy director of Young Invincibles.
About Young Invincibles
Young Invincibles began in the summer of 2009, out of the recognition that young
people’s voices were not being heard in major national debates that impact our future.1
In a little more than a year, YI went from a group run out of a law school cafeteria to a national non-profit, non-partisan organization, representing the interests of 18 to 34 year-olds and making sure that our perspective is heard wherever decisions about our collective future are being made. We do this through innovative research and policy analysis, sharing the stories of young Americans, spearheading campaigns designed to educate, inform and mobilize our generation, and advocacy intended to change the status quo.
We have gained expertise in issues facing youth as they navigate the world of higher education, and extensive experience with the student loan market in particular. This past spring, we released a report detailing the experiences of high-debt borrowers with private and federal student loans. The report was based on an online, self-selected survey of approximately 13,000 borrowers. The responses also served as the basis for comments submitted to the CFPB detailing the experiences of private borrowers.