{"id":1243984,"date":"2022-01-26T15:53:52","date_gmt":"2022-01-26T20:53:52","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1243984"},"modified":"2022-01-26T15:54:07","modified_gmt":"2022-01-26T20:54:07","slug":"dozens-of-democrats-urge-biden-to-cancel-student-loan-debt-up-to-50000-per-borrower","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dozens-of-democrats-urge-biden-to-cancel-student-loan-debt-up-to-50000-per-borrower\/","title":{"rendered":"Dozens Of Democrats Urge Biden To Cancel Student Loan Debt Up To $50,000 Per Borrower"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdozens-of-democrats-urge-biden-to-cancel-student-loan-debt-up-to-50000-per-borrower%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1243984&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>In a letter to President Joe Biden on Tuesday, more than 80 Democratic lawmakers asked the president to cancel \u201cup to $50,000 of student loan debt per borrower.\u201d<\/p>\n<p>The <a href=\"https:\/\/www.warren.senate.gov\/imo\/media\/doc\/Final%20-%20Letter%20to%20Biden%20Cancelling%20Student%20Loan%20Debt.pdf\">letter<\/a>, which included the signature of Senate Majority Leader <a href=\"https:\/\/www.dailywire.com\/news\/schumer-is-wrong-to-assume-cancelling-student-loan-debt-will-close-the-wealth-gap\">Chuck Schumer<\/a> (D-NY), began by thanking Biden for extending the student loan pause, a move he made in December, and then requested he permanently cancel federal student loan debt.&nbsp;<\/p>\n<p>\u201cAs you continue to evaluate the best way forward to an equitable recovery [from COVID-19], we urge you to direct the Department of Education to publicly release the memo outlining your legal authority to broadly cancel federal student loan debt and immediately cancel up to $50,000 of student loan debt per borrower,\u201d the letter reads.<\/p>\n<p>The Democratic lawmakers said this move would provide relief to more than 36 million Americans. They also suggested that student loan payments would resume again but did not give a timetable for when that might happen. \u201cIn light of the high COVID-19 case counts and corresponding economic disruptions, restarting student loan payments without this broad cancellation would be disastrous for millions of borrowers and their families,\u201d the Democrats wrote.&nbsp;&nbsp;&nbsp;<\/p>\n<p>In December, the White House froze student loan payments until May 1. At the time, The New York Times <a href=\"https:\/\/www.nytimes.com\/2021\/12\/22\/your-money\/student-loan-pause.html\">reported<\/a> that this decision affected around 41 million borrowers \u2013 that included nearly 27 million who hadn\u2019t made a payment since March 2020.&nbsp;<\/p>\n<p>\u201cWhile our jobs recovery is one of the strongest ever \u2014 with nearly six million jobs added this year,\u201d Biden said in a statement following the student loan freeze. \u201cWe know that millions of student loan borrowers are still coping with the impacts of the pandemic and need some more time before resuming payments.\u201d<\/p>\n<p>Biden made student loan forgiveness a staple of his presidential campaign, promising in March 2020 to forgive \u201ca minimum of $10,000 per person.\u201d<\/p>\n<p lang=\"en\" dir=\"ltr\">Additionally, we should forgive a minimum of $10,000\/person of federal student loans, as proposed by Senator Warren and colleagues. Young people and other student debt holders bore the brunt of the last crisis. It shouldn&#8217;t happen again.<\/p>\n<p>\u2014 Joe Biden (@JoeBiden) <a href=\"https:\/\/twitter.com\/JoeBiden\/status\/1241869418981920769?ref_src=twsrc%5Etfw\">March 22, 2020<\/a><\/p>\n<p>Last month, Vice President Kamala Harris joined the calls for student loan forgiveness, The Daily Wire <a href=\"https:\/\/www.dailywire.com\/news\/kamala-harris-pushes-for-debt-forgiveness-for-student-loans-top-obama-economist-pushes-back\">reported<\/a>. \u201cSo, I know that Sec. (Miguel) Cardona, the Secretary of Education, is working on what we can do and must do frankly to relieve the \u2014 the pressures of student loan debt, and it\u2019s a real issue,\u201d Harris said in an interview with Margaret Brennan on \u201cFace the Nation.\u201d <\/p>\n<p>\u201cStudents across \u2014 well graduates and former students across our country are literally making decisions about whether they can have a family, whether they can buy a home,\u201d she continued. \u201cAnd it\u2019s no small matter, and we need to figure out a way to relieve debt.\u201d<\/p>\n<p>The letter to President Biden also argued that canceling student loans would help \u201cclose the racial and gender gap,\u201d pointing to black communities that have been \u201cborne out of generations of discriminatory policies.\u201d<\/p>\n<p>\u201cDue to systemic barriers, Black, Latino and Native American borrowers are more likely to struggle with repayment and consequently default on their loans at higher rates,\u201d the letter reads.<\/p>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a class=\"in-cell-link\" href=\"https:\/\/www.dailywire.com\/subscribe\" target=\"_blank\" rel=\"noopener\">member<\/a>.<\/p>\n<p><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a letter to President Joe Biden on Tuesday, more than 80 Democratic lawmakers asked the president to cancel \u201cup to $50,000 of student loan debt per borrower.\u201d The letter, which included the signature of Senate Majority Leader Chuck Schumer (D-NY), began by thanking Biden for extending the student loan pause, a move he made &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1243984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1243984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1243984"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1243984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1243984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1243984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1243984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}