John,
The student debt crisis in our country has now peaked at $1.7 trillion. Nearly two thirds of this debt, amounting to $929 billion, is held by women.1
Cancelling all student debt would provide much-needed relief for millions of Americans and enact the single biggest stimulus we could add to the economy.
For years, our progressive movement has been fighting to address the student debt crisis. But now with massive layoffs and record numbers of unemployment due to COVID-19, our fight to cancel student debt is especially critical. Millions of families are struggling to afford groceries and rent — in this moment of crisis it is cruel and unjust for the government to add on the extra burden of student loan payments.
More Democrats in leadership than ever before recognize the significant impact of cancelling student debt. We have a real chance at getting Biden to commit to passing an executive order for student debt forgiveness in his first week in office. But here’s the problem: the transition team is currently debating whether to cancel all student debt or only small portions.
We need to work together to send a clear message to the Biden-Harris administration that this is not the time for half measures — we must cancel ALL student debt. That’s why Women’s March is partnering with progressive leaders including Ayanna Pressley and Alexandria Ocasio-Cortez to demand Joe Biden cancel all student debt. Will you show your support and add your name?
Right now, women are experiencing the worst effects of the COVID-19 recession. Women, especially women of color, have been impacted the most by wage cuts, layoffs, loss of health insurance due to unemployment, and increasing child care costs.
By cancelling all student-debt, which is largely held by women, the Biden-Harris administration can help women and their families get back on their feet and stop exacerbating this growing economic inequality.
From now until Inauguration Day, we must keep up the pressure on Biden and make it clear that cancelling all student debt is a top priority for the women who helped put him in office.
Let’s do this,
Women’s March Team
1. AAUW
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