We must cancel student debt

President Biden has the power to cancel billions in student loan debt

Pamela, Today, the $1.7 trillion student debt crisis is worsening economic inequality, preventing wealth building, and stifling the dreams of millions of Americans. President Biden has the power to cancel billions in student loan debt, providing much-needed relief to individuals and families across the country. Cancelling student loan debt is not only an issue of economic and racial justice, but also a critical step toward jumpstarting our economy. Will you join me and add your name now to call on President Biden to cancel student debt? ADD YOUR NAME Today, 85% of Black students are borrowers — due to policies like redlining which prevented Black families from building generational wealth — and Black borrowers are five times more likely to default on their loans than their white peers. Cancelling student debt will help to close this gap and ensure an equitable recovery from COVID-19. And cancelling debt is just one piece of the puzzle. We're going to keep working on policies to fix our broken borrowing system, like cracking down on predatory lending and passing the CREDIT Act to protect consumers from unfair credit reporting practices and make it easier to recover credit after defaulting. If you agree that we should cancel student debt and put working people ahead of the big banks and corporations, add your name right now. If we all take action, we can create an economy that puts people first. In solidarity, Ayanna Pressley PAID FOR BY Committee to Elect Ayanna Pressley. Does not equal endorsement. Sent via ActionNetwork.org. To update your email address, change your name or address, or to stop receiving emails from Progress America, please click here.