Washington, D.C. – In response to President Biden’s scholar debt aid plan, MoveOn Govt Director Rahna Epting issued the next assertion:
“President Biden’s govt order, canceling $10,000 in federal scholar debt for many debtors, canceling $20,000 in loans for Pell Grant recipients, reforming income-based compensation plans to profit debtors, and increasing the fee pause till the top of the yr, marks the most important and boldest motion a president has ever taken to supply scholar debt aid to struggling households.
“The manager order will give thousands and thousands of individuals aid from having to decide on between mortgage funds and primary requirements like housing, meals, and drugs.
“This is a matter that’s vital and deeply private to thousands and thousands of MoveOn members who, over the previous a number of years, have signed dozens of petitions about it, made numerous calls to members of Congress and the White Home, organized actions in D.C., and voted for Biden in file numbers. Seventy-six p.c of MoveOn members who’re new voters instructed us they’re extra prone to vote for Democrats if $50,000 in debt is canceled per borrower.
“We thank the Biden administration for taking this historic first step, and we’ll proceed to advocate not just for further aid however for a elementary restructuring of our training financing system to make sure that this staggering societal problem is completely resolved. Future aid efforts should go additional to handle the skyrocketing scholar debt disaster that challenges instructional and financial well-being, fairness, and mobility for an awesome variety of working individuals and their households. Extra mortgage aid with out bureaucratic means testing can be a lifeline to individuals who have been hit exhausting by the pandemic and inflation—together with seniors on a restricted revenue and, particularly, Black and brown Individuals, who’re disproportionately burdened by scholar mortgage debt.”
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MoveOn is a people-powered pressure for progress. MoveOn mobilizes the left to elect Democrats and enact progressive change. We’re the homebase for thousands and thousands of members who refuse to just accept the established order and are moved to take motion. For greater than a era, MoveOn has been a bulwark in opposition to the unconventional proper, channeling our voices to finish wars, defend democracy, and advance justice for all.
