I’ve always said that America does not suffer from scarcity — we suffer from greed, and that couldn’t be more clear when looking at the student loan debt crisis.
Student loan interest is on hold during the pandemic — but the federal government hasn’t forgiven it. That means millions will owe thousands of dollars in back pay if that debt isn’t relieved before payments resume in May.
For months, Congresswoman Ayanna Pressley and I have worked alongside our colleagues to pressure the current administration to cancel at least $50,000 of student loan debt per borrower. And from the very beginning of our time in Congress, we’ve fought to pass legislation that relieves this burden.
In the United States, 43 million people have student loan debt, and it disproportionately impacts Black graduates, who owe $25,000 more than white college graduates. Ayanna and I have experienced this firsthand — we’ve both felt the crushing burden of student loan debt.
We won’t let up in our work to make sure student loan borrowers are no longer held back from their dreams of buying a house or starting a business, or are forced to choose between making student loan payments or putting food on the table.
In solidarity,
Ilhan Omar
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Paid for by the Committee to Elect Ayanna Pressley
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