We’ve been working towards this day for a long time — President Biden has used his executive authority to cancel up to $20,000 of student debt for millions and millions of Americans.

This is one of the largest consumer debt reductions in American history. This is what it means to have a government that works for the people. And this is why we persist — because when we fight, we win.

I’m grateful to everyone who’s been organizing and fighting to make this happen. Thank you for being a part of this grassroots movement.

This one means a lot to me. I got my college degree at a state school that only cost $50 a semester, and it opened a million doors for me, but that opportunity just doesn’t exist today.

So when I got to the Senate, the first bill I introduced was to make student loans more affordable so that Americans would not continue to get crushed by debt.

And when I was running for president, I proposed canceling student debt to clear the decks and jumpstart opportunity. Alongside leaders and advocates and supporters like you, I’ve called for President Biden to use his executive authority to get this done. And now he’s made it happen.

I’m going to continue working with the Biden administration to reform our higher education system. In a twenty-first century economy, it’s never been more critical for students to continue their education after high school — and technical schools, community colleges, and public universities need to be within reach for every family.

And we’ve also got to make sure that everyone who’s eligible gets this relief as quickly as possible. You can find more details and learn what this relief plan could mean for you here at StudentAid.gov. [[link removed]]

But today, let’s take a moment and celebrate this milestone.

President Biden’s action to cancel a big chunk of student debt is a huge step forward for working people. For people who didn’t come from a family that could write a big check, but still did what they had to do to continue their education. For people who helped a child or grandchild pay for school and ended up having their Social Security checks garnished. For people who may not have been able to finish their degree, like around 40% of borrowers, because life got in the way, and would now have to pay off loans with what they could earn on a high school diploma.

This is a win — and it paves the way for even more victories to come, if we keep fighting side by side.

Thanks for being a part of this,

Elizabeth




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