AFREF joined over 200 organizations in a letter calling on ED to take immediate executive action to deliver on the promise of Public Service Loan Forgiveness (PSLF) by cancelling debts owed by all public service workers who have served for a decade or more and to improve the PSLF program.
AFREF joined a letter to the Education Department (ED) in response to their interpretation on federal and joint federal-state regulation and oversight of ED’s federal student loan programs and federal student loan servicers.
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.
Americans for Financial Reform warmly welcomes the news that Richard Cordray has been appointed to be the COO of Federal Student Aid (FSA) at the Department of Education. Cordray served as the Consumer Financial Protection Bureau’s (CFPB) inaugural director for six years, and the Bureau quickly became a powerful force for good.
Today, over 415 organizations sent an updated letter to President Biden and Vice President Harris, calling on them to use executive authority to cancel federal student debt immediately. In the letter, the 416 advocacy groups highlight that cancelling student debt would stimulate the economy, help reduce racial wealth gaps, and could have a positive impact on health outcomes.
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.