Tag: student debt
“The scheduled resumption of student loan payments in October could create a significant drag on our economic recovery.”
"We have no other option but to fight for debt abolition and a society where everyone has the means to live."
“The $1.7 trillion student loan crisis is crushing individuals, families, and our economy, and the weight of this burden is disproportionately borne by women and Black and Latino borrowers.”
“It’s not our student debt—but we still want Biden to forgive it.”
“Far more than $10,000 in cancellation is required to provide aid that 44 million families and the economy need.”
“Biden can cancel all $1.7 trillion of student debt by executive order,” said The Debt Collective.
The debate over loan forgiveness is raging between parties and within them.
One of Biden’s promises, when he becomes president, is to forgive some of the student loan debt by providing $10,000 of student debt relief.
President-elect Biden will be able to cancel nearly all student debt without congressional approval. If he refuses, organized debtors are preparing to strike.
lifting these financial burdens would help individual debt holders meet daily needs, reduce the racial wealth gap, and give a boost to the national economy.