Washington, D.C. – In response to President Biden’s pupil debt reduction plan, MoveOn Government Director Rahna Epting issued the next assertion:
“President Biden’s govt order, canceling $10,000 in federal pupil debt for many debtors, canceling $20,000 in loans for Pell Grant recipients, reforming income-based compensation plans to profit debtors, and lengthening the cost pause till the top of the yr, marks the most important and boldest motion a president has ever taken to supply pupil debt reduction to struggling households.
“The chief order will give tens of millions of individuals reduction 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 tens of millions 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 more likely 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 are going to proceed to advocate not just for extra reduction however for a basic restructuring of our training financing system to make sure that this staggering societal problem is completely resolved. Future reduction efforts should go additional to deal with the skyrocketing pupil debt disaster that challenges instructional and financial well-being, fairness, and mobility for an awesome variety of working individuals and their households. Further mortgage reduction with out bureaucratic means testing could be a lifeline to individuals who have been hit laborious by the pandemic and inflation—together with seniors on a restricted earnings and, particularly, Black and brown Individuals, who’re disproportionately burdened by pupil mortgage debt.”
MoveOn is a people-powered pressure for progress. MoveOn mobilizes the left to elect Democrats and enact progressive change. We’re the homebase for tens of millions of members who refuse to simply accept the established order and are moved to take motion. For greater than a technology, MoveOn has been a bulwark towards the unconventional proper, channeling our voices to finish wars, defend democracy, and advance justice for all.