John,
President Joe Biden has asked both the Department of Justice and the
Secretary of Education to outline the legal authority that would allow him
to cancel student loan debt up to $50,000 per person.
Here’s the thing, we already know the answer: Yes! He can.
Congress has already granted authority to broadly cancel student debt
under section 432(a) of the Higher Education Act of 1965, which gives the
Secretary of Education the right to "... compromise, waive, or release any
right, title, claim, lien, or demand, however acquired, including any
equity or any right of redemption."
Let's be clear, this is the same authority the Department of Education
used to enact small and temporary relief for federal student loan
borrowers during the COVID-19 pandemic.
The bottom line is the Biden administration has the authority. The
question is: will they use it?
The answer is up to us.
The administration is trying to decide right now how big they should go to
help the millions of Americans that are struggling with crippling student
debt, that's why they need to hear from us immediately.
[ [link removed] ]Sign our petition to President Biden and Kamala Harris to go big and
cancel all student debt once and for all.
Add Your Name: [link removed]
Canceling student loan debt will have numerous benefits, from helping to
close the racial wealth gap to boosting the economy by giving trillions of
dollars back to millions of hard-working Americans.
When progressives like Bernie Sanders, Elizabeth Warren, Ro Khanna, and
Mark Pocan and even moderates like Chuck Schumer and James Clyburn are all
pushing for student loan debt cancellation, you know that we have real
momentum.
But momentum alone is not enough. President Biden needs to know millions
of Americans are demanding action. That if he goes big, we'll have his
back.
Forgiving student debt and investing in our educational system must be top
priorities for our future. [ [link removed] ]Join DFA in calling on Joe Biden and Kamala
Harris to use their executive authority to support millions of Americans
by canceling student debt.
Sign Our Petition: [link removed]
The President has the authority to cancel student debt with the stroke of
the pen.
Let’s make it happen,
— Tre
Tre Graves
Campaign Organizer
Democracy for America
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