Dear John xxxxxx,

My Congressional Progressive Caucus colleagues and I have made student debt cancellation a priority. Progressives were out front with activists and borrowers, pushing for executive action to cancel student debt. I cheered when President Biden announced his plan to cancel up to $20k in student loan debt for 43 million people and, after the Supreme Court struck it down, was quick to call for the President to use all other powers he has to get New York's 7th District the relief our neighbors desperately need. 

The President has continually taken those actions — including just canceling $5 billion in loans for teachers, nurses, and firefighters — and recently announced a major new initiative.

Starting this month, if you took out less than $12,000 in loans and have been in repayment for 10 years, ALL of your debt will be canceled.

That’s right — your loan balance could go down to zero. For many others, monthly payments will be drastically reduced.

To get that relief and other ways to bring down your monthly loan payments, you need to be enrolled in the Saving on A Valuable Education (SAVE) Plan. This is the same plan that ensures no borrower who makes less than $15 an hour will have to make any student loan payments. It will also make sure that interest doesn't pile up and increase your debt amount, and that your spouse's income can't be used to drive up your payment amount.

Sign up for the SAVE Plan today so you get this relief before your next payment is due.

I've heard so many stories from across our district about the weight of these student loans. They're keeping people from starting families, buying a home, building a business, or just being able to make ends meet. That's why I’m so thrilled about this new initiative that will give you and your family more breathing room in just a few weeks. If you have any questions or need help signing up for these programs, please reach out to my office at any time. 

I'm honored to be your representative in Congress, and I will continue fighting for full student debt cancellation. 

Sincerely,

Nydia M. Velázquez 

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