Joint Statement: President-Elect Biden Should Cancel Student Debt Through Executive Action
The absence of a legislative request to cancel student debt in Biden’s “American Rescue” plan heightens the urgent need for President-Elect Biden to cancel student debt administratively. Overwhelming research shows that student debt cancellation would provide dramatic relief particularly in low-income neighborhoods and among communities of color that are disproportionately burdened by ballooning debt. We hope the absence of debt cancellation in this package is a clear indication that President-Elect Biden is planning to act quickly to use his authority to cancel student debt through executive action. We look forward to working with him to do that.