From Daniela Mrabti <[email protected]>
Subject Student Debt Cancellation Explained
Date July 22, 2022 5:00 PM
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John,
President Biden has yet to make an announcement on student debt and the Gen-Z and Millennial voters who delivered his victory in 2020 expect bold action on debt cancellation ahead of the midterm elections this fall. With the student loan payment pause ending next month, we need you to join us in calling on Biden to dream bigger than canceling $10,000 per borrower as he promised on the 2020 campaign trail and cancel ALL student loan debt.
We know the issue of canceling student debt raises a lot of questions, so let’s tackle some common misconceptions.
Answering Your Questions on Student Debt
[link removed] [[link removed]] The Classic – “I was able to pay for my college with a summer job! Why can’t you?!”
Watch this Explainer Video [[link removed]] Here’s what we say to that: Sure, paying for college was much easier decades ago when the average cost of public four-year college was $730 a year, but now a public university education can cost closer to $9,000 and private universities can cost near $32,000 a year. Times are different and without legislation to ensure affordable public education, we cannot expect young people today to pay for college with a part-time job.
“Why isn’t $10K enough?”
There are currently more than 44 million student loan borrowers holding $1.7 trillion in student debt. While canceling $10K is a HUGE step in the right direction, it would still leave a majority of borrowers without any kind of relief. This is a massive problem that requires a solution of the same scale.
“What about an income cap? Or means-testing?”
Providing relief only to those who meet a certain criteria would create many administrative problems which could prevent the most vulnerable borrowers from receiving any relief at all. This is why we’re pushing Biden to make the simplest choice: cancel it all.
Take Action Now
Canceling student loan debt is not something we can accomplish alone. We need all hands on deck to continue urging the Biden Administration to cancel ALL student loan debt. Get involved with our Dreams Not Debt [[link removed]] campaign to continue raising your voice around the issue.
Sign the Petition
Our demands are simple. We want Biden to take bold steps in addressing the student debt crisis by canceling all student loan debt, reform the student debt program to mitigate future student debt, and make public colleges and universities free for all students.
Sign the Petition [[link removed]]
Share Your Student Debt Story
Whether you currently have student debt or are worried about future student debt, we want to hear your story. We want to know what future you are not able to dream up for yourself because of student debt.
Share Your Story [[link removed]]
Share the Dreams Not Debt Actions
Let your friends and family know you’ve joined the movement to cancel student debt and they can too.
Share the Actions [[link removed]]
Let's keep the momentum going! Stay updated on our fight to cancel student debt by following us on Facebook [[link removed]] , Twitter [[link removed]] and Instagram [[link removed]] . This isn’t over until we can see a debt-free future for all.
To reaching our dreams without debt,
Daniela Mrabti
Digital Director
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