Friend,
Just this week, President Biden extended the pause on federal student loan payments from May 1 to August 31.
This is thanks to our progressive movement’s momentum, but we cannot stop now.
Another extension is not enough for the 43 million people in the U.S. who face the crushing financial burden of ongoing education debt.
Sign if you agree: We need President Biden to cancel all education debt.
Most residents of this country live paycheck to paycheck, and with the cost of living going up, 92% of fully employed borrowers may not be able to afford resuming their student loan payments.
Without certainty about when or whether payments will restart, millions of people are still stuck in a terrifying limbo.
Already, about a third of borrowers reduced spending on food, rent, healthcare, and other necessities to prepare for payments to restart—which was expected to happen May 1.
It’s only by fully canceling education debt that we can address the root injustices of our student debt crisis.
Student loans widen the racial wealth gap, particularly for Black students. Loans with high interest rates keep people mired in debt their whole lives, simply for following our society’s recommendations to seek higher education.
Add your name: President Biden can give millions of people stability and a chance to thrive by permanently canceling federal education debt.
Canceling student debt is a moral and racial justice issue, and a promise to voters that should be kept.
In fact, a recent survey found that nearly half of people in some key battleground states would be more likely to vote in this year’s midterms if President Biden keeps his campaign promise to cancel at least $10,000 in education debt for every borrower.
Even President Obama’s Education Secretary has called on the Biden administration to cancel all borrowers’ education debt. He noted that federal investment in higher education has gone down in the past 40 years, as student debt has gone up.
I joined 100 lawmakers last week in urging President Biden to extend the pause on federal student loans until at least the end of this year and to further act to cancel education debt.
We need your voice, too.
Sign your name to demand student debt cancellation today.
In solidarity,
Rashida
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