Pressley, Warren push Biden to nix $50,000 in student debt
3 years, 8 months ago

Pressley, Warren push Biden to nix $50,000 in student debt

Associated Press  

BOSTON — President Joe Biden should help those struggling under crushing student loan debt by immediately canceling up to $50,000 of debt for federal student loan borrowers, Democratic elected officials said Thursday. “We’re all here to call on President Biden to do right by the movement that elected him and to use his executive authority to cancel $50,000 in federal student loan debt,” Pressley said. “If President Biden is serious about closing the racial wealth gap, if President Biden seeks to build back better, then he must use his executive authority to issue broad-based, across-the-board student debt cancellation,” she said. “To be made to feel like I was less than a person because of it didn’t really feel so good.” Biden announced in January that federal student loan payments would remain suspended and interest rates would be set at 0% through at least Sept. 30, extending an action from the administration of former President Donald Trump.

History of this topic

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