Thread by @didikins4life

This is the #DemPartyPlatform for 2020. This part is called: Providing Borrowers Relief from Crushing Student Debt
Only one party understands that the burden of our student debt crisis ($1.6 trillion) is preventing our young people from a productive present & a secure future.1/16

Student debt is holding millions of Americans back. The COVID-19 pandemic and President Trump’s recession are making it harder for those with student loans to make ends meet right now. 2/16 #DemPartyPlatform #StudentDebtCrisis

#Democrats will work to authorize up to $10,000 in student debt relief per borrower to help families weather this crisis.3/16 #DemPartyPlatform #StudentDebtCrisis

Beyond that immediate relief, #Democrats will also take steps to ease the burden of high monthly student loan payments through legislative and administration relief processes, including creating a simplified repayment process. 4/16 #DemPartyPlatform #StudentDebtCrisis

#Democrats will work to pause monthly billing and stop interest from accruing on federal student loans for people earning less than $25,000, and cap payments at no more than five percent of discretionary income for those earning more than $25,000. 5/16 #DemPartyPlatform

#Democrats propose that after 20 years, remaining federal student loan debt should be automatically forgiven without tax liability. 6/16 #DemPartyPlatform #StudentDebtCrisis

For those earning less than $125,000, #Democrats support forgiving all undergraduate tuition-related federal student debt from 2 & 4-year public colleges & universities &we will also apply this benefit to those holding federal student loans for tuition from private HBCUs & MSIs.

#Democrats support modernizing and improving the Public Service Loan Forgiveness program, including making the enrollment process automatic for people who work in schools, government agencies, and non-profit organizations. 8/16 #DemPartyPlatform #StudentDebtCrisis

#Democrats will also make the program more generous by forgiving up to $10,000 in student debt per year for up to five years & apply this action to people who have already dedicated 5 years or less of service to working in our schools, government agencies, & non-profit orgs 9/16

#Democrats reject Republican proposals that, in the name of simplification, would make students pay billions of dollars more on their student loans.10/16 #DemPartyPlatform #StudentDebtCrisis

Dems know that not only will these measures make it easier for Americans to buy a home or start a small business, student debt forgiveness is key to helping address the racial wealth gap, as students of color are more likely to have to borrow to finance higher education. 11/16

#Democrats will also empower the CFPB to take action against exploitative lenders and will work with Congress to allow student debt to be discharged during bankruptcy.12/16 #DemPartyPlatform #StudentDebtCrisis

The Trump Administration has let for-profit colleges and universities once again prey upon students with impunity by repealing important protections. 13/16 #DemPartyPlatform #StudentDebtCrisis

#Democrats will crack down on predatory for-profit higher education programs, including by issuing requirements that these programs be able to demonstrate their value and effectiveness before becoming eligible for federal student loans. 14/16 #DemPartyPlatform #studentloans

Dems will call upon the Sec.of Edu to forgive debt carried by students who were ripped off by predatory schools, incl. by programs that defrauded students or misrepresented program offerings or program outcomes, as well as debt held by people who are permanently disabled. 15/16

And #Democrats will protect #veterans and #servicemembers from being steered into low-performing for-profit higher education and professional programs.16/16 #DemPartyPlatform #StudentDebtCrisis