Tag Archives: student debt cancellation

a student with books - Photo by Element5 Digital on Unsplash

Joint Statement: 103 Organizations Agree – Congress Needs to Cancel Student Debt

Today, 103 civil rights, consumer and advocacy organizations and think tanks sent a joint letter to House and Senate leadership, urging them to include student debt cancellation in the next economic stimulus package.

Led by American for Financial Reform, Demos, Center for Responsible Lending and Freedom to Prosper, the letter stresses the ways that if left unaddressed, the student debt trap will deepen our current recession, slow our economic recovery, exacerbate inequality, and deepen a crisis already facing black and brown borrowers and families.

a student raises their hand in a classroom Photo by Felicia Buitenwerf on Unsplash

Sign-on letter: 69 orgs call for canceling student debt to tackle economic fallout

Today, 69 community, civil rights, consumer, and student advocacy organizations sent a letter to House and Senate leadership, urging them to include student debt cancellation in the next coronavirus package.  The letter also calls on leadership to extend the suspension of payments on federal student loans through March 2021, as current estimates indicate that the economy will not recover to pre-virus levels until the third quarter of 2021.