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John,
Last year, the United States Supreme Court struck down President Biden’s plan to forgive up to $20,000 of student debt per person, so the Department of Education came up with a new plan for student debt relief — which was recently announced.
This plan would allow for widespread student debt relief if passed, but right now, it’s under an official public comment period — this is a perfect opportunity for us to make clear how much public support there is for student debt forgiveness!
Sign now to show your support for student debt forgiveness & co-sign Rise’s public comment! Our team will submit each comment to the Department of Education >>
The Department of Education’s plan would:
- Allow up to $20,000 of a borrower's accrued interest could be canceled, regardless of income;
- Enable individuals making less than $120,000 or couples making less than $240,000 who are enrolled in an income-driven repayment plan to have all of their interest forgiven;
- Provide support for 2.6 million borrowers who still have outstanding debt on old loans that entered repayment at least two decades ago.
Millions of people are struggling with student debt payments as we speak, while others are delaying higher education because of the prohibitively high cost of access. Student loan forgiveness would increase social mobility, educational equity, and economic prosperity, for millions of Americans
Sign your name here to support student debt forgiveness & co-sign Rise’s public comment! Make your voice heard by the Department of Education >>
Thank you,
Democratic Values
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