Dear MoveOn member,

After years of calls for action from activists and advocates, President
Biden just announced that his administration will be cancelling $10,000 in
federal student loan debt per borrower with an income under $125,000/yr,
with an additional $10,000 for Pell Grant recipients with federal student
loans meeting that same income threshold.^ He also announced an extension
of the student loan payment pause, until December 31 of this year.^1

Today, 43 million borrowers owe a total of more than $1.6 trillion in
student debt. With this announcement, President Biden has taken a critical
first step in addressing one of the most pressing economic issues
impacting Americans.^2

MoveOn members have been absolutely instrumental in this decision. In the
last decade, members like you have been at the forefront of the movement
demanding student debt relief, alongside partners such as the Student Debt
Crisis Center, NAACP, We, the 45 Million, the Debt Collective, the Student
Borrower Protection Center, and so many others.

[ [link removed] ]Now, will you add your name to this petition to call on the Biden
administration to finish the job as soon as possible and cancel all
student debt, to deliver permanent relief to millions of struggling
families across the country!

Here are some of the powerful actions MoveOn members have taken as a part
of the larger community of progressives working for student debt
cancellation:

* Together, we gathered over 4 million petition signatures demanding
student debt relief.^3
* Thousands of MoveOn members called their members of Congress urging
them to support student debt cancellation.
* Hundreds of student borrowers recorded audio testimonies and over 50
recorded video testimonies outlining why the stakes of this debt are
so high.^4, 5
* And over the last year, hundreds of MoveOn members have supported
monthly demonstrations in front of the White House, keeping up the
pressure on the Biden administration to cancel student debt.

[ [link removed] ]And while we may have just won this critical, unprecedented victory,
the fight for a more fair and just education system is just getting
started.

MoveOn members will continue to advocate on behalf of
borrowers—ultimately, for even more student debt cancellation. And we
won’t stop until the twin evils of predatory lending practices and
ever-increasing tuition costs that result in college being systemically
unattainable for so many (especially Black and brown folks) are addressed.

Every person living in this country deserves the opportunity to pursue
higher education without the risk of spending the rest of their lives in
debilitating debt. [ [link removed] ]Together, we can keep fighting until this is our
reality. Will you sign the petition thanking President Biden and urging
him to finish the job and cancel all student debt?

Thanks for all you do.

–Arvin, Jaira, Liz, Mana, and the rest of the team

Sources:

1. Tweet by President Biden, August 24, 2022
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2. "2022 Student Loan Debt Statistics: Average Student Loan Debt," Forbes,
updated June 9, 2022
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3. Student Debt Crisis Center, MoveOn Partnerships, accessed August 24,
2022
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4. Instagram post, MoveOn, August 20, 2022
[link removed]

5. MoveOn Stories, Student Debt, accessed August 24, 2022
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