Friend,
I’ve been out of school for almost 20 years, but do you know the one piece of my education that’s stuck with me to date?
If your answer was five figures worth of student loans that I’m still paying off, then ding, ding, ding! You’d be correct.
I know I’m not alone in this, either. Millions of Americans are saddled with sky-high student loan payments. Under President Biden’s student debt relief plan, which would forgive up to $20,000 in student loans, working families would have a light at the end of the never-ending tunnel of payments.
But now, President Biden’s plan to tackle student loan debt is tied up in the Supreme Court, and if they rule against Biden’s plan before June 30, borrowers with remaining balances will need to start repaying the loans 60 days after the Court’s decision. That also means interest rates will start up again, too.
Let me be clear: No matter the Supreme Court’s ruling, I will fight to give borrowers across the country federal support by eliminating federal interest rates and expanding our Pell Grant opportunities.
Receiving a higher education shouldn’t mean signing your income away decades after you’ve walked the stage. If you’re with me, add your name to demand federal support for borrowers, regardless of SCOTUS’s rule:
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— Eric Swalwell
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