News – AU – Progressives pressurize Joe Biden to cancel student debt


Progressive lawmakers have put pressure on President Joe Biden to cancel student loan debt after saying he was unwilling to write off as much as $ 50000 per student at a CNN City Hall last week

In a series of social media posts and media spots, members of the progressive lawmakers squad group said Biden had to “cancel student debts” to divert arguments that the policy would benefit largely privileged Americans

They also said the move would help close the “racial wealth gap” and provide much-needed help amid the pandemic to those who have taken out student loans but haven’t graduated

Speaking to MSNBC on Sunday night, Rep. Ayanna Pressley (D-MA) argued that Biden had “absolute” authority to cancel student debts through an executive order, claiming low-income households would benefit. p>

“President Biden must cancel student debts through executive action,” she added, “50$ 000 will go a long way toward an equitable recovery from this pandemic “

On Thursday, write a letter to the Washington Post condemning the comments of a newspaper columnist, Sens Schumer and Warren, saying student debt relief would “vastly improve racial justice,” arguing that many borrowers did not have college degrees, which makes it difficult for them to pay the debt

Responding to the letter, Rep Ro Khanna (D-CA) tweeted, “It’s time we #CancelStudentDebt and close the racial wealth gap”

According to Biden’s CNN City Hall, Rep. Alexandria Ocasio-Cortez (D-NY) also came into conflict with the President over his remarks on student loan forgiveness

“Generations of working class children have been encouraged to go into more debt under the guise of elitism. That’s wrong,” she tweeted. “Nowhere does it say we must trade early childhood education for student loan forgiveness. We can have both”

When asked if he was 50 at CNN City Hall last WednesdayWrite off $ 000 in student loan debt per borrower, Biden said he “wouldn’t do that” and asked if it made sense to write off the debt taken on by those who went to the most elite schools

“I think that at this moment of economic pain and stress we should eliminate interest in the accumulated debt,” said the president. “I am ready to 10Write off $ 000 in debt but not $ 50 because I don’t believe I have authority to do so by signing””

White House press secretary Jen Psaki said at a press conference outside City Hall that Biden previously called for debt relief for students over 10 years oldThe target of $ 000 based on a number of factors including an individual’s income

Sign up for our daily newsletter for more articles like this one Access to 5 additional articles

Learn why nearly a quarter of a million subscribers start their day on Start 5

Student Loans, Student, Joe Biden, Student Debt

News – AU – Progressives are putting increasing pressure on Joe Biden to cancel student debt
Related title :
– <a href = "/? s = Progressives Increase the pressure on Joe Biden to cancel student debt Student Debt
Student Loan Debt Relief: Recent Changes Consultants Should Know
Biden& # 39; s & # 39; honeymoon period& # 39; could end soon, with challenges ahead
Student Loan Forgiveness Should Include These 3 Things
misunderstood, like Biden misunderstood Penn, the Ivies, Student Debt, and America& # 39; s & # 39; college problem& # 39; | Will Bunch
The student loan forgiveness debate hangs on two numbers: $ 10,000 vs. $ 10,000 $ 50000
Here& # 39; s How Student Loans Will Show Your Credit Report And Effects On Your Credit Score
Student Loan Debt Settlement
FACT CHECK: Biden& # 39; s Comments on Loan Forgiveness and Elite Colleges
Biden Believes Debt Relief rests with Congress for student loans The & is a good thing