Tag Archives: Student Lending

students in graduation cap and gowns - Photo by Caleb Woods on Unsplash

Joint Statement: Advocates urge President-elect Joe Biden to provide more student debt relief

We welcome the announcement that President-Elect Biden plans to extend the student loan payment pause. However, we encourage him to take immediate executive action on student debt cancellation. We know President-Elect Biden realizes how important student debt relief is, and how many other battles Congress will have in this critical moment. The surest way to get immediate cancellation is through executive action.

Photo by Mikael Kristenson on Unsplash

Joint Statement: We Applaud Pressley/Omar/Adams/Waters Resolution to Cancel Student Debt

We applaud Representatives Ayanna Pressley, Ilhan Omar, Alma Adams and House Financial Services Chairwoman Maxine Waters for introducing the House companion to the Schumer/Warren resolution calling for broad-based federal student debt cancellation via executive action. Cancelling substantial 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.

a student with books - Photo by Element5 Digital on Unsplash

Statement: Student loan suspension extension gives millions another month of certainty, but more needs to be done

In October, AFR joined 76 other organizations to call on Secretary DeVos to extend the federal student loan suspension. We are glad that Secretary DeVos has heeded this call, extending the suspension through the end of January 2021. But we still need a long term solution. We look forward to seeing the incoming Biden administration extend the federal student loan suspension even further, ensure all federal student loan borrowers are covered, and provide crucial relief to millions by cancelling federal student debt via executive action.

student graduates thowing their caps into the air

Sign-on Letter: Over 235 Orgs Call on President-Elect Biden to Cancel Federal Student Debt on Day One using Executive Action

239 organizations signed a letter to President-Elect Biden and Vice President-Elect Harris, calling on them to use executive authority to cancel federal student debt on day one of their administration. The letter was led by Americans for Financial Reform, the Center for Responsible Lending, Demos, the National Consumer Law Center, and Student Borrower Protection Center.

photo of a student borrower looking sadly at the sky - Photo by Matese Fields on Unsplash

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.

students in graduation cap and gowns - Photo by Caleb Woods on Unsplash

AFR Supports Rep. Alma Adams’ Amendment to the National Defense Authorization Act

“Rep. Adams’ amendment gives borrowers a chance to recover on the same timeline the economy is projected to need to return to pre-coronavirus productivity. Granting the same CARES Act suspension of student loan payments to private student loan borrowers, and extending the suspension to September 2021 will mean more funds for food, medicine, and basic household needs.”