3 in 4 student loan borrowers say that their finances will take a hit when payments restart on February 1st.
1 in 4 borrowers say they're worried about affording rent when it happens.
But there's a solution to this crisis: with a swipe of the pen, President Biden can free millions of people across America from the crushing burden of $1.8 trillion in student loan debt.
Forgiving student debt is an issue of economic justice. Women hold two-thirds of student debt, and Black borrowers owe $25,000 more on average than white borrowers.
And the burden of student loan debt is not just a pandemic problem — 1 in 4 borrowers were already behind on payments even before the very first case of COVID-19 was found in America.
After the personal and financial setbacks experienced by so many during this pandemic, now's not the time to place more burdens on people. Working families and students are counting on the Biden administration to build us ALL back better — it's time he delivered.
Thanks for taking urgent action on this,
Team Jayapal