The total amount of student loan debt owed by borrowers across the country has reached $1,842,204,407,728.
Ayanna and our movement have been leading the fight to cancel at least $50,000 in federal student loan debt for every borrower.
The Department of Education just recently extended the pause on student loan payments until next year, and announced the cancelation of student debt for over 300,000 borrowers through the Total and Permanent Disability (TPD) discharge program.
This is important progress, but we must keep up the pressure on the Biden Administration to extend much needed relief to millions more Americans saddled with student loan debt.
Storytelling is one of the best organizing tactics we have to show the enormous burden student loan debt creates and keep up the pressure to cancel it. we want to know: How would the cancellation of $50,000 in student loan debt help you?
As of July 2021, borrowers had saved a total of $72 billion in interest during the pause on federal student loan payments due to Covid-19. These savings could help millions cover other critical expenses or build wealth for the future; just imagine what permanently cancelling $50,000 in student loan debt could do for families, communities, and our economy.
Tell us: What would the cancellation of $50,000 in student loan debt mean for you?
Your story will help keep up the pressure on the Biden Administration to do what’s right and extend relief to millions of student borrowers.
Thank you in advance for sharing,
The A-Team
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