Over 80 Democrats say it’s time for Biden to cancel $50,000 of student debt.
By Sharon Zhang, Truthout
Over 80 Democrats have demanded that President Joe Biden cancel a portion of student debt and release an Education Department memo on his legal authority to do so, in an effort led by Rep. Ayanna Pressley (D-Massachusetts) and Senators Elizabeth Warren (D-Massachusetts) and Chuck Schumer (D-New York) this week.
In a letter to the president, the lawmakers wrote that Biden should immediately cancel up to $50,000 of student debt per borrower – a move that would boost the economy and provide a lifeline to the millions of Americans with student loans. The lawmakers emphasized that the president should act with urgency, as student loan payments are due to restart in three months.
“Canceling $50,000 of student debt would give 36 million Americans permanent relief and aid the millions more who will eventually resume payments their best chance at thriving in our recovering economy,” the lawmakers said. “In light of high COVID-19 case counts and corresponding economic disruptions, restarting student loan payments without this broad cancellation would be disastrous for millions of borrowers and their families.”
Recent Posts
While Distancing From AIPAC, Most 2028 Democratic Hopefuls Are Still Embracing Israel
Take Action Now In sharp contrast to confronting the immorality of arming Israel’s genocidal policies, simply promising not to take AIPAC money is…
The Next Coup Attempt … And How to Stop It
Take Action Now It is up to us to put two and two together: Trump will seek to exploit the war (or the next one) to alter the elections. We bear…
‘A Moral Obscenity’: Trump Budget Pairs Record Military Boost With Billions in Cuts to Social Programs
Take Action Now “To pay for his endless wars, he wants the biggest increase to military spending in 70 years,” said Rep. Greg Casar. “Hell no.”By…
Meet Leqaa Kordia: Palestinian Protester Freed After a Year in ”ICE Dungeon”
Take Action Now While in custody, Kordia experienced destitute conditions at the Prairieland Detention Center, including overcrowding, inedible food,…