Friend,
Did you see the good news? President Biden just extended the pause on
federal student loan repayments through August 2022!
When we organize, we win!!! And [ [link removed] ]now it's time to push even harder for a
full victory – $50k of student loan forgiveness per borrower.
[ [link removed] ]SIGN HERE NOW to urge President Biden to commit to *permanent* student
debt relief!
*When you click, you’ll automatically sign onto the petition below if we
already have your information.
It's clear that President Biden understands what a burden student debt is
for families who are already doing everything in their power to make ends
meet. With some more collective pressure from each of us, I'm confident we
will see a full victory for student debt forgiveness and the boost it
would give our economy!
[ [link removed] ]ADD YOUR NAME TODAY! Join us in asking President Biden to commit to
$50k of student debt relief.
*When you click, you’ll automatically sign onto the petition below if we
already have your information.
Thank you for all that you do!
– Sara and the whole MomsRising.org/MamásConPoder Team
---------- Forwarded message ---------
Tell President Biden to follow through on his promise and cancel student
debt with the stroke of a pen! *When you click the TAKE ACTION button,
you’ll automatically sign on if we already have your information.*
[ [link removed] ]Take Action Now
[ [link removed] ]TAKE ACTION
Dear Friend,
Advancing our education in hopes of a stable future shouldn’t result in
decades of financial hardship.
While running for President, Joe Biden promised to cancel student loan
debt, and it’s time to get the job done. [ [link removed] ]
[1]Urge President Biden to cancel $50k of federal student loan debt for
all borrowers!
*When you click, you’ll automatically sign on if we already have your
information.
Families across the country are struggling to make ends meet amidst rising
costs – which are largely driven by corporate greed. [ [link removed] ] President Biden
can deliver instant relief in the form of student loan forgiveness!
[2]Tell President Biden to follow through on his promise and cancel
student debt with the stroke of a pen!
*When you click, you’ll automatically sign on if we already have your
information.
Why is this so important? The reality is that women carry nearly
two-thirds of all student loan debt and a third of us report that an
entire quarter of our monthly income goes toward student debt repayments.
[ [link removed] ] Black women are most severely burdened by student debt because of our
nation’s entrenched racial wealth gaps that are driven by historical and
present-day structural oppression. [ [link removed] ]
If President Biden doesn’t take executive action to cancel student loan
debt, wealth gaps and economic inequality in our communities will only
grow larger. [ [link removed] ] Student debt is weighing down multiple generations of
Americans, from Gen Z to our most vulnerable elders.
Renee, a MomsRising member in California, shared that “as a senior citizen
who is still paying student debt it would be a huge relief to not have
this debt hanging over my head. I don't make that much and even income
based repayments are hard to make. I hang by a thread. Any emergency will
put me under.”
Danielle, a MomsRising member in Idaho, shared that “relieving $50,000 in
student debt would mean so much for my family of four; we cannot afford
things we really need because our student loan payments are so high, even
on income based repayment. This forgiveness would positively impact the
quality of life for me, my husband, and our two children, ages 8 and 11.”
[3]TAKE ACTION FOR STUDENT DEBT RELIEF NOW! When you click, you’ll
automatically sign on to our letter which reads:
Dear President Biden,
I stand with MomsRising and urge you to cancel $50,000 of federal
student loan debt for every borrower through executive action. As the
federal student loan payment pause comes to an end on May 1, 2022, we
ask that you take action by this date. To truly build back stronger from
a pandemic that has disproportionately impacted women, especially women
of color, we must address student loan debt. Without action, women will
continue to fall behind in recovery.
On average, women with bachelor’s degrees take two years longer to pay
off loans than men. The gender pay gap exacerbates this debt, too often
forcing women to choose between essential needs like rent, groceries,
and child care and debt repayment.
Race compounds the impact of this crisis with 86.6% of Black students
taking federal loans to pay for a four-year public college degree in
comparison to 59.9% of white students. Furthermore, Black women on
average owe 22% more in student loans than white women. This means Black
women carry the highest student loan debt of any racial or ethnic group.
While student debt has been an ongoing crisis, the COVID-19 pandemic has
further exacerbated the issue. In a recent study from the Student Debt
Crisis organization, 65% of women borrowers say they do not feel
financially secure enough to start making payments until September 2022
or do not know when they will be. Student loan debt is disrupting
advancements in gender and racial equity.
Failing to take action on student loan debt cancellation would be
detrimental not just to student borrowers, but to our economy as a
whole. Borrowers’ debilitating student debt will make it impossible for
them to own a home, start a family, save up for retirement, or start a
new business, all of which are vital to our economy. As president, you
have the power to prevent this by canceling student loan debt through
executive action.
Roughly, two thirds of all student debt in the United States is carried
by women. The student loan debt crisis is a gender issue and we urge you
to cancel $50,000 of federal student debt to help women and communities
of color move forward.
[4]Don’t forget to click here to urge President Biden to cancel $50k of
student debt!
*When you click, you’ll automatically sign on if we already have your
information.
The more of us who raise our voices on this issue, the more noise we’ll
make and the more powerful we’ll be! After you take action, send this link
to your friends and family so they can participate
too. [link removed]
Together, we are powerful!
- Sara, Nina, Felicia, Joy, Ruth, Donna and the whole
MomsRising.org/MamásConPoder Team
References:
[1] [5]Joe Biden Outlines New Steps to Ease Economic Burden on Working
People
[2] [ [link removed] ]Business Insider: It's not just inflation — corporate greed is also
partially to blame for the rising prices you're paying
[3] [ [link removed] ]Student Debt Crisis – COVID-19 Survey
[4] [ [link removed] ]AAUW: Deeper in Debt
[5] [ [link removed] ]Roosevelt Institute: Student Debt Forgiveness Options -
Implications for Policy and Racial Equity
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