[ [link removed] ]Katie Porter for Congress

John,

This week I led a letter formally asking the White House to publicly
release a memo outlining the Administration's authority to cancel $50,000
worth of student debt per borrower.

We already know that canceling $50,000 worth of student loans would
eliminate the debts of 36 million Americans. But beyond that, it would
provide the jolt our economy needs—and that’s good for everyone, whether
you have student loan debt or not.

I know what it’s like to walk across that graduation stage and have six
figures worth of student loan debt. And over a decade after I took on that
debt, I struggled to decide if I should use extra money to pay off my debt
or put the money towards my own kids' college savings plan. Now, my oldest
son is starting to look at colleges—and the price tag is daunting.

There is a real cost associated with not canceling student debt. Families
and our economy as a whole are being held back by the high price of higher
education and the often inevitable loans that come along with it. Nearly
90% of *fully-employed* Americans who have student loan debt say they’re
not financially secure enough to resume student loan payments.

[ [link removed] ]Join me in encouraging the Biden Administration to cancel student loan
debt. And if you’re one of the millions of Americans who would benefit
from this, I’d love to hear from you. [ [link removed] ]Click here to tell me your story.

[ [link removed] ]Sign my petition ›››

—Katie Porter

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|Congresswoman Katie Porter is fighting for affordable child care, lower |
|cost prescription drugs, climate action, and a strong, stable, globally |
|competitive economy that works for everyone. She’s standing up to |
|corporate special interests and doesn’t take any money from corporate |
|PACs or lobbyists, so we rely on grassroots supporters like you pitching|
|in when they can. Make a contribution today. |
| |
| [ [link removed] ]Donate ››› |
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