| Tell President Biden and Congress: "We urge you to commit to cancelling at least $50,000 of everyone's student loan debt to give families relief and help restart our economy." | Joe Biden is closer than ever before to canceling student debt -- will you sign the petition and urge him to act now? There's big news in the battle against crushing student loan debt. After some initial resistance, President Biden has asked his Secretary of Education, Miguel Cardona, to produce a memo regarding his legal authority to cancel at least $50,000 in student debt. Jen Psaki confirmed this week that the White House is still seriously considering canceling student debt. Senator Elizabeth Warren has already conducted the research and has concluded that Biden has the authority to cancel student debt -- and we expect Secretary Cardona to reach the same conclusion. It's clear that Biden is responding to the American people on this, and your messages can make a huge difference. We email every petition signature directly to the White House. Can you add your voice now? Will you join with Senator Warren and sign the petition calling on President Biden to cancel at least $50,000 in student loan debt? Click here to sign the petition. By cancelling student debt, we can help close the racial wealth gap. We can stimulate the economy in a time when so many Americans are struggling to make ends meet. And, we can provide new opportunities to millions of Americans who are currently burdened with debt. As the American economy begins to slowly emerge from the pandemic, many families young and old will still be held back by the crushing burden of monthly student debt payments. Just a few decades ago, most Americans who went to college didn't have to take out tens of thousands of dollars in student loans. Now they do, and that has created a huge drag on household finances and the economy as a whole. Both President Obama and Donald Trump used their executive authority to cancel student loan debt, which should further put to rest any questions about presidential power to do so. President Biden should now use this same power to forgive at least $50,000 in debt. Will you help build the pressure on President Biden to use his executive authority and provide a massive economic stimulus to the American people? Sign the petition: President Biden should use his executive authority to cancel at least $50,000 in student loan debt now! Thanks, Team Progress |
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