Moments ago, President Biden was asked about canceling student loans and stated that he is "not considering $50,000 in debt reduction" but is still looking at debt forgiveness and "will have an answer on that in the next couple of weeks."
This comes just days after The Washington Post reported that President Biden met privately with a group of House Dems and "gave his strongest indication yet that he is poised to take significant action to relieve student loans, a move that could include canceling tens of thousands of dollars in debt for some people."
President Biden can’t afford to miss this layup on student loans. And with the decision actively being discussed in the White House, RIGHT NOW is the time for the White House to see overwhelming public demand and grassroots engagement.
We are in frequent contact with the White House and will keep them updated as support for this petition grows! We are also informing the media.
The president's approval rating with young voters can improve from its current 21% if the president delivers on his campaign promise to cancel a significant amount of student debt.
Fox News and MAGA Republicans will attack no matter what, so the only variable is how much the president inspires a key part of the Democratic coalition that ranges from young people to older working families still drowning in debt.
This decision could determine key races in 2022 and have a major impact on whether Dems keep control of Congress. New polling conducted by Politico and Morning Consult released earlier this month showed by a 2-to-1 margin, voters supported federal forgiveness of at least some student loan debt -- with 64% supporting and just 29% opposing the policy.
People need help. Here are some stories shared by PCCC members:
Logan S. from WV: "I’m living paycheck to paycheck right now. Having that debt relief would let me open a savings account, or invest money, or put away for retirement... right now I'm one bad medical bill or broken car bill from bankruptcy."
Adrienne B. from AR: "I’m 71. Been paying on it for years. Retired on fixed income. The extra money would mean groceries & utilities."
Lee from OH: "I have $160,000 and I am 73 years old."
Senator Elizabeth Warren has led the fight from Congress to urge the Biden administration to eliminate $50,000 of student debt per borrower. She says, "This is the single most powerful executive action President Biden could take to advance racial equity and give everyone in America a chance to build a future."
Right now -- while the White House is making the decision -- is the moment to make our voices heard.
Thanks for being a bold progressive.
-- The PCCC Team (@BoldProgressive)
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