February 02, 2021

Boston Globe: Warren, Pressley push Biden to cancel student loan debt

Mass. lawmakers ask White House to wipe away up to $50,000 per borrower

If you thought top progressive lawmakers from Massachusetts would stop jousting with the White House now that a fellow Democrat is in office, you were mistaken.

The new president was sworn in less than a month ago, but Senator Elizabeth Warren and Representative Ayanna Pressley are wasting no time pushing Joe Biden to cancel up to $50,000 in debt for each of the roughly 44 million Americans who have federal student loans.

They and other prominent Democrats say Biden can wipe out this debt using his executive authority, bypassing the partisan quagmire of Congress. Doing so would deliver financial help to tens of millions of struggling Americans amid an economic crisis, particularly Black and brown borrowers who have been disproportionately affected by the nation’s $1.6 trillion student debt load, proponents argue.


Read the full article here

By:  Victoria McGrane
Source: Boston Globe