Tag: student loans

“We know that millions of student loan borrowers are still coping with the impacts of the pandemic and need some more time before resuming payments.”

Studies have shown that student loan debt influences household decisions and outcomes.

Student debt cancellation “is good economic policy that will change the lives of millions of families,” said Rep. Ayanna Pressley.

“The payment pause has been a lifeline that allowed millions of Americans to focus on their families, health, and finances instead of student loans during the national emergency.”

“Let’s act NOW to protect them, before it’s too late.”

“Broadly cancelling student loan debt would be a game-changer for millions of people in this country and a lifeline when they desperately need it.”

"We are crushing the next generation with debt."

Warren and several other senators demanded the Department take immediate steps to aid and protect students, veterans, and taxpayers in the wake of the significant collapse.

The amount of U.S. student loan debt has more than doubled since 2009 and now sits at a record $1.47 trillion.

New York Assemblymember Ron Kim is introducing legislation to block the deal and redirect taxpayer money away from Amazon subsidies and toward student debt relief.