Friday, June 30, 2023

The President can still cancel student loan debt

The Supreme Court just overturned President Biden’s plan to cancel student loan debt.

But the fight is not over. The President can still cancel student loan debt — and we need your help to push him to act, NOW, before payments resume in the Fall.

Without debt cancellation, the restart of payments in September will result in financial disaster. Before the pause, 9 million borrowers were in default, and 1 in 4 borrowers were behind on payments. President Biden needs to use every authority he has to stop this economic catastrophe, as soon as possible.

Congress already gave the President the authority to cancel student debt when it passed the Higher Education Act. There’s a clear precedent. In 2022, the Department of Education was able to cancel at least $6 billion in debt for Americans who were defrauded by for-profit universities.

Sign our letter today to ask President Biden to provide student loan relief NOW, before payments resume in the Fall.

In solidarity,
Team Alexandria Ocasio-Cortez

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