This week, after Sen. Elizabeth Warren made canceling student debt the
focus of her first hearing as Chair of the Senate Economic Policy
Subcommittee, she asked millions of her supporters in an email to [ [link removed] ]join
her in the fight to #CancelStudentDebt. She wrote:

America is facing a student loan time bomb that, when it explodes, could
throw millions of families over a financial cliff. Here’s why:

When the pandemic hit, Republican and Democratic policymakers recognized
that loan payments would sink families, so President Trump and President
Biden both paused student loan payments and cancelled accumulating
interest.

That was a smart move — but in a few months, those payments are
scheduled to start up again. That’s why Leader Schumer and I have urged
President Biden to address this economic problem by using his existing
authority to cancel $50,000 in student debt for each borrower. It would
also lift a massive burden that's preventing people from being able to
start a family or buy a home, and forcing students to drop out of school
before completing their degree.

But I need you to be a part of this effort — because we can only get it
done if we fight for it side by side as a grassroots movement.

Thousands of PCCC members have already signed our petition this week,
including many burdened with student debt who are also sharing their
stories.

[ [link removed] ]Sign our petition to the White House: I support canceling $50,000 of
student debt per borrower and completely relieving 36 million Americans of
the burden of student loans. We will deliver your signatures and stories
to the White House. You can also call the White House directly after you
sign.

Here's more from Senator Warren's email about why this is so important
now:

Cancelling student loan debt is a matter of racial justice. Compared to
white students, Black and Hispanic students are forced to borrow more
money to go to school, borrow more money while they are in school, and
have a harder time paying off their loans after graduation.

If $50,000 in student loan debt was forgiven, 36 million borrowers would
be completely relieved of their debt burdens — including over 3 million
borrowers who have carried their debt burdens for over 20 years. It
would close the Black-white wealth gap among borrowers by 25 points. For
Latinos, the gap would close by 27 points.

This is the single most powerful executive action President Biden could
take to advance racial equity and give everyone in America a chance to
build a future.

Look: When Americans can't fully participate in our economy because
they’re strapped with a huge debt burden, we see a ripple effect across
our entire economy and a slowdown in economic growth. This affects all
of us, including those of us who don't have student loans or have
already paid off their student debt.

We can do better than this. And if we fight side by side, I know we
will.

With your signature -- and personal story if you have student debt -- we
will collectively show the White House that the public needs and is more
than ready for bold action on this issue.

[ [link removed] ]SIGN OUR PETITION: I support canceling $50,000 of student debt per
borrower and completely relieving 36 million Americans of the burden of
student loans.

Thanks for being a bold progressive.

-- The PCCC Team ([ [link removed] ]@BoldProgressive)

 

 

 


Paid for by the Progressive Change Campaign Committee PAC (www.BoldProgressives.org) and not authorized by any candidate or candidate's committee. Contributions to the PCCC are not deductible as charitable contributions for federal income tax purposes.

Have you moved? Want to update your email address? Click below.

[link removed]

You can unsubscribe from this mailing list at any time:

[link removed]