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Hi John, 

September 30, 2021. The date on which millions of Black and low-income
borrowers will be pushed into financial ruin because neither the Biden
administration nor U.S. Congress members put our needs first. The student
loan forbearance has been a critical lifeline to our communities—we’ve
been able to meet payment deadlines for rent and utilities, put money into
our retirement accounts, and even journey into parenthood.^1 But when it
expires, Black and low-income borrowers will face even greater challenges
to repayment as our communities remain the hardest hit by coronavirus
layoffs and the slowest to recover. According to the June 2021 Student
Debt & COVID-19 Survey Report, 94% of Black borrowers do not feel
financially secure enough to resume federal student loan payments and 62%
of low-income borrowers (those earning less than $35,000 annually) will be
unable to afford their student loan payments just six months from now.^2

[ [link removed] ]Yes, i believe that no one should have student LOAN debt!

That’s why we’re reaching out to you today! Next week, we’ll be launching
a digital billboard campaign in Virginia—where the median student loan
debt-to-income ratio exceeds the national average, HBCU students at
Hampton University borrow at higher rates than white students at the
University of Virginia, and lawmakers sit idle as their constituents are
being crushed by $40.3B in student loan debt.^3 Our goal: to pressure U.S.
Representatives to sign H.Res.100, a resolution that calls on President
Biden to eliminate up to $50,000 in student debt per borrower!^4 Not only
would this move completely erase the debt load of 48% of all Virginia
borrowers, it would have astronomical benefits for every last one of the
45 million Americans with outstanding student debt.^5 

But John, in order to launch our billboard on time, we need to
raise an additional $2,000 by END OF DAY TOMORROW! So if we want lawmakers
to do right by Black and low-income Virginians, then we must show
solidarity. No amount is too small; even $1 would make a huge
difference. Will you donate to our billboard fund and power the fight to
#EliminateStudentDebt by September 30? 

[ [link removed] ]Donate Now: $3 [ [link removed] ]Donate Now: $5
[ [link removed] ]Donate Now: $10 [ [link removed] ]Donate Now: $30

Until justice is real,

— The Color Of Change Team

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References:

 1. Pia Peterson, “Student Loan Relief Has Changed the Lives of Millions
of Americans. It Ends in September,” BuzzFeed News, May 25, 2021,
[ [link removed] ][link removed]
 2. “Student Debt & COVID-19: Survey Report,” Student Debt Crisis and
Savi, series III (pp. 4-6), June 2021,
[ [link removed] ][link removed]  
 3. Laura Beamer and Eduard Nilaj, “Millennial Student Debt: Comparison
Tool,” The Jain Family Institute, February 2021,
[ [link removed] ][link removed]
Melanie Hanson, “Student Loan Debt by State: Virginia,”
EducationData.Org, June 12, 2021,  
[ [link removed] ][link removed]
U.S. Department of Education, College Scorecard,
[ [link removed] ][link removed]
 4. Ayanna Pressley, “H.Res.100 — 117th Congress (2021-2022): Calling on
the President of the United States to Take Executive Action to Broadly
Cancel Federal Student Loan Debt,” U.S. Congress, February 4, 2021,
[ [link removed] ][link removed]
 5. Melanie Hanson, “Student Loan Debt by State: Virginia,”
EducationData.Org, June 12, 2021,  
[ [link removed] ][link removed]



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