John,
The student debt crisis in our country has now peaked at $1.7 trillion.
Two-thirds of the 43 million Americans that owe a combined total of $1.7 TRILLION in student loan debt are women — with Black women holding a disproportionate amount.
Canceling all student debt would provide much-needed relief for millions of Americans and enact the single biggest stimulus we could add to the economy.
For years, our progressive movement has been fighting to address the student debt crisis. But now with massive layoffs and record unemployment numbers due to COVID-19, our fight to cancel student debt is especially critical. Millions of families are struggling to afford groceries and rent — in this moment of crisis it is cruel and unjust for the government to add on the extra burden of student loan payments.
More Democrats in leadership than ever before recognize the significant impact of canceling student debt. We have a real chance at getting Biden to commit to passing an executive order for student debt forgiveness. But here’s the problem: the administration is currently debating whether to cancel all student debt or only small portions.
We need to work together to send a clear message to the Biden-Harris administration that this is not the time for half measures — we must cancel ALL student debt. It’s time to end this crisis. President Biden needs to cancel ALL student debt: Will you show your support and add your name?
Right now, women are experiencing the worst effects of the COVID-19 recession. Women, especially women of color, have been impacted the most by wage cuts, layoffs, loss of health insurance due to unemployment, and increasing child care costs.
By canceling all student-debt, which is largely held by women, the Biden-Harris administration can help women and their families get back on their feet and stop exacerbating this growing economic inequality.
We must keep up the pressure on Biden and make it clear that canceling all student debt is a top priority for the women who helped put him in office.
Let’s do this,
Women’s March Team
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