This is a crisis:
Right now, 45 million people in America collectively owe more than $1.8 trillion in student debt. And with student loan repayments set to resume in just a few months, President Biden is running out of time to take action.
Joe Biden promised to take action on student debt upon taking office, and he has the power to do so right now, but he’s stalled on the issue.
In April, the Biden Administration promised to release a memo to determine the extent of the administration’s authority to broadly cancel student debt through executive action — and six months later, it has yet to be released.
Ayanna and our movement have been leading the fight to cancel at least $50,000 in student loan debt. That’s why, on Friday, she joined her sister-in-service, Rep. Ilhan Omar, and other House colleagues, to urge President Biden to release the memo and deliver on his promise to cancel student debt.
Crushing student debt is a policy failure. Resuming student debt payments in the middle of a pandemic when so many individuals and families are already strained to the breaking point is policy violence. It’s past time for President Biden to take action.
Thank you for taking action,
The A-Team
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