BREAKING NEWS! Moments ago, President Biden announced the cancellation of up to $20,000 of student debt for as many as 43 million Americans.

Nearly 8 million people may be eligible to receive relief automatically, with a forthcoming website making it simple for others to apply.

President Biden unified Democrats in the 2020 election in part by turning one of Elizabeth Warren's most popular plans into a campaign promise. PCCC members worked long and hard to achieve this -- with thousands of us taking action this past year. Our sister organization, P Street (the progressive alternative to K Street), engaged the Biden Administration and congressional leaders in advance of today’s historic announcement.

In dollar terms, this bold move represents a bigger investment than the G.I. Bill -- in young people and millions of others.

In advance of the 2022 election, we all can do our part to remind voters what President Biden and Democrats in Congress can accomplish when we have power and act boldly on issues that positively impact millions of Americans.

Click here to share Elizabeth Warren's Facebook post praising the President's big announcement and here to share it on Twitter. And forward this news to others.

Also, please chip in here to P Street, our progressive lobbying shop, and the PCCC's work to elect progressive Democrats to Congress who will build on this historic accomplishment.

We applaud the work that organizers, students, and advocates -- including thousands of PCCC members -- across the country have put into this fight and the Biden Administration for heeding their call on behalf of student borrowers across the country.

And, we will keep working with the Biden Administration, Senator Warren, and other leaders to reduce college costs and debt, and create a stronger economy for working families.

Now, we have an election to win and voters to share this news with! Click here to share Elizabeth Warren's Facebook post praising the President's big announcement and here to share it on Twitter. And forward this news to others.

Then, please chip in here to P Street, our progressive lobbying shop that has been working behind the scenes to get this done.

Thanks for being a bold progressive.

-- The PCCC Team (@BoldProgressive)

P.S. You can also share our Twitter thread showing how this got done. Click here to RT!

TIMELINE -- CANCEL STUDENT DEBT:

April 22, 2019: Elizabeth Warren unveiled her bold plan to cancel student debt during her 2020 presidential campaign.

May 8, 2019: Her plan was received positively by millions of Americans, with Morning Consult reporting on polls showing "Voters Favor Warren’s Student Debt Plan — Including Those Who Never Had Such Loans."

March 14, 2020: Shortly after Sen. Warren withdrew from the race, Joe Biden adopted her popular student loan cancellation policy. Specifically, he promised to cancel "a minimum of $10,000 of student debt per person, as proposed by Senator Warren."

March 19, 2020: Sen. Warren and colleagues unveil a bold plan to cancel student loan payments for the duration of the Coronavirus emergency and provide a minimum $10K payoff for all federal student loan borrowers

September 17, 2020: Senator Chuck Schumer endorsed Sen. Warren’s proposal and actively joined Warren in lobbying the Biden administration to be bold.

March 6, 2021: Senator Warren and Senator Menendez’s Student Loan Tax Relief Act passes, ensuring that millions of borrowers won’t face a surprise tax bill if their loans are cancelled.

April 1, 2021: The White House asked Education Secretary Miguel Cardona for a memo on the legal authority President Biden has to cancel up to $50,000 in student loan debt.

May 3, 2021: The Biden Administration appointed Warren ally and former director of the Consumer Financial Protection Bureau, Richard Cordray, to be the Chief Operating Officer of Federal Student Aid.

April 26, 2022: President Biden signaled that the administration was open to $10,000 of student loan debt cancellation. Those in the meeting said that Biden was "incredibly positive" about canceling student debt.

June 1, 2022: President Biden canceled all remaining loans for 560,000 student loan borrowers who attended Corinthian College between 1995 to when it closed in 2015.

August 10, 2022: It became public that the White House met with student debt activists and advocacy groups, including PCCC’s sister organization P Street, to listen to ideas that they have regarding student loans. White House Press Secretary Karine Jean-Pierre said President Biden will "have something by August 31."

August 24, 2022: President Biden announced he will be cancelling up to $20,000 in student loan debt, with nearly 8 million borrowers eligible to receive automatic relief with relevant income data that is already available to the U.S. Department of Education. Senator Warren celebrated the announcement and explained how this will positively impact Americans.

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