There’s no question about it — forgiving student debt and investing in our educational system have to become top priorities for our future.
Those who can get student loans spend decades paying them off and I would know. I myself had the privilege to go to college, but had to take out over $50,000 in loans to afford it.
At the end of this year, 37 million Americans will be forced to take money from their savings, rethink the downpayment on a home, or delay starting a business and more once they have to start paying their student loans again.
In the last three decades, college costs have skyrocketed, making higher education inaccessible and unattainable for working families, creating even deeper economic inequality.
But, this fight is about more than just economic equality — it’s an issue of racial equality. Black Americans are more likely to take on student debt, have $7,400 more in debt on average, and more likely to default on their loans than white Americans.
Student debt prevents wealth building and equitable economic recovery for families working every day to put food on the table, pay their bills, and give their own children a better future.
It’s time for education to be seen as a right for all, not a privilege for some. Join me in calling on Joe Biden and Kamala Harris to support millions of Americans and their pursuit for education by canceling student debt.
In solidarity,
Ro Khanna