John,
In March 2020, the government decided to pause student loan payments because it was clear that Americans were being forced to choose between paying them and putting food on the table.
Unfortunately, on May 1 — just 27 days from now — those payments are set to resume. And according to Student Debt Crisis and Savi, 9 in 10 borrowers aren’t ready for them.1
President Biden promised voters he would cancel student debt, and he could do it ASAP with the simple stroke of a pen. We’re rallying with more than 50 organizations and unions for a student loan debt day of action at the Department of Education today — will you join us virtually in sending a tweet to @POTUS on this urgent issue? The time is now to make our voices heard.
More than 9 in 10 student loan borrowers aren’t ready for payments to resume on May 1, @POTUS. I’m counting on you to follow through on your campaign promise and #CancelStudentDebt. cc: @WHCOS
Tweet @POTUS now »
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Legal experts and WFP champions in Congress agree: The President has the authority to cancel federal student debt through the 1965 Higher Education Act — a bill that President Biden has already used THREE TIMES to extend the pause on federal student loan payments.
Canceling student debt isn’t just an economic justice issue — it’s a racial justice issue, too. Black student loan borrowers take on a disproportionate amount of loan debt compared to white borrowers, and more than half of Black student borrowers report their net worth is less than they owe in loan debt.
Ahead of the midterms this fall, it’s time for President Biden to deliver on his promises during the campaign and take a decisive step forward toward building an economy that works for all of us. Tweet at President Biden today urging him to follow through on the promise he made to voters on the campaign trail by taking executive action to cancel student loan debt.
In solidarity,
Team WFP
P.S. — Not on Twitter? Send a letter to the White House by clicking here!
Source:
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Inflation forcing Americans with student debt to skimp on everyday necessities ahead of payments resuming, survey finds, Student Debt Crisis, February 23, 2022.
