Saturday, Senate Majority Leader shared a CNBC Op-Ed piece he co-authored with Elizabeth Warren calling for the Biden admin to cancel up to $50k in student debt.
Schumer added the hashtag “#CancelStudentDebt.”
— Chuck Schumer (@SenSchumer) January 23, 2021
In their Op-Ed, Schumer and Warren write “right now, over 43 million people in the United States are buried under $1.5 trillion dollars in federal student loan debt, including 6.3 million borrowers ages 50-64 and nearly a million borrowers over the age of 65 who may still be paying for a loved one’s education or for their own. They’ve carried that burden while the rich have gotten richer in the midst of this pandemic.”
“This isn’t right,” the continue “and it’s no wonder so many Americans don’t think Washington works for them.”
“But the Biden-Harris administration can fix it. We are calling on President Biden and Vice President Harris to immediately cancel up to $50,000 in federal student loan debt. The U.S. Department of Education holds that debt and can cancel it, too. This is exactly what Joe Biden and Kamala Harris should direct their Education secretary to do,” Schumer and Warren add.