Dear MoveOn member,

The coronavirus pandemic is a health crisis unlike any we have ever seen
before, and it is colliding with the economic crisis of this
generation—student loan debt. Lost wages and medical costs will impact
families across the U.S. for weeks, months, and years to come. Added to
the persistent burden of student debt, this is a recipe for an economic
disaster for millions of everyday people.

Canceling student debt in response to the coronavirus crisis will help the
45 million people with student loans and stimulate the economy when it is
needed most. It will allow borrowers to purchase the necessities their
families depend on: food on their table, a roof over their head, and
critical health care.

[ [link removed] ]Sign the petition asking Congress to cancel student debt.

We are calling on Congress to immediately relieve the burden of student
debt for millions of Americans during this uncertain and frightening time.

[2]Sign Natalia's petition

In the long term, a student debt cancellation stimulus would help prevent
or reduce the impact of an upcoming recession. Student debt cancellation
can boost GDP by up to $108 billion a year and would add up to 1.5 million
jobs per year.^1

Labor shocks like those that the pandemic is likely to cause will
undoubtedly increase federal student loan defaults. Borrowers in default
on federal student loans face having their tax refunds seized and wages
garnished at a time when they can least afford it. We also call on
lawmakers to immediately stop these actions that hurt distressed borrowers
the most.

[ [link removed] ]Click here to add your name to this petition, and then pass it along to
your friends.

Thank you.

–Natalia Abrams, Student Debt Crisis

Source:

1. "Canceling $1.4 trillion in student debt could have major benefits for
the economy," MarketWatch, February 8, 2018
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