Letters to Congress: Letter to Nancy Pelosi Making it Clear that the President does have the Authority to Cancel Student Debt
AFR joined a letter to Speaker Pelosi making it clear that the President does have the authority to cancel student debt.
Tag Archives: cancel student debt
Letters to Regulators: AFREF Letter to the Department of Education on Upcoming Negotiated Rulemaking
AFREF sent a letter to the Department of Education calling for several topics to protect borrowers in the upcoming negotiated rulemaking, and also urging the Department to administratively cancel student debt.
Letter to Administration: 128 Orgs Call on President Biden to Extend the Payment Pause on Student Loan Payments
AFR joined a letter calling on President Biden to extend the pause on student loan payments until the
Administration has delivered on its promises made to student loan borrowers to fix the broken
student loan system and cancel federal student debt.
Sign-on Letter: Over 415 Orgs Call on President Biden to Cancel Federal Student Debt Immediately via Executive Action
400 organizations signed a letter to President Biden and Vice President Harris, calling on them to use executive authority to cancel federal student debt immediately. The letter, first sent in November and then again in January, has been updated with more than 70 additional signers.
Blog: Cancelling Federal Student Debt is a Tool for Gender and Racial Justice
In the discourse surrounding student debt cancellation, some pundits and lawmakers have consistently missed the mark on the benefits this policy will bring. Too many have ignored the very serious ways that student debt is a disproportionate burden on women borrowers, and Black women with student debt in particular.
Joint Letter: Letter to President Biden Calling for Consumer Protections in Next Covid Legislation
Americans for Financial Reform joined a letter to the Biden administration highlighting the critical budget-related items that would help consumers in any upcoming Covid legislation. The letter urged President Biden to halt garnishment and offset certain tax refunds, fund a Housing Assistance Fund and housing counseling, and cancel student debt.
Statement: AFR Applauds Schumer, Warren Resolution Calling on Trump to Cancel Student Debt
We applaud Senate Majority Leader Chuck Schumer and Senator Elizabeth Warren’s Resolution calling on the Trump Administration to cancel student debt. Cancelling student debt will provide both immediate financial relief to millions of Americans, and crucial economic stimulus for everyone during this protracted crisis — boosting GDP and job creation at a time of intense labor shocks and economic contraction.
Sign-on letter: 103 orgs call for canceling student debt to tackle economic fallout
Over 100 organizations sent a letter to House and Senate leadership urging them to include student debt cancellation in the next coronavirus package.
News Release: The CARES Act fails to provide sufficient relief to federal student loan borrowers
The 43 million federal student loan borrowers are not getting meaningful relief from the CARES Act. It leaves an estimated 9 millions of federal student loan borrowers without any relief at all, does not guarantee that borrowers won’t face large principals when they return to repayment, and doesn’t include cancelling student debt, a move that both provides crucial relief to distressed borrowers and stimulates a fast-contracting economy.
News Release: McConnell Phase 3 offers only minor tweaks for some federal student loan borrowers in a time of crisis
The McConnell Phase 3 #COVID19 bill offers only minor tweaks for some federal student loan borrowers. Even with those tweaks, the bill fails to address the enormity of the pending economic crisis. The economic dam is about to burst and McConnell is offering student loan borrowers nothing but a deflated, leaky life vest.