We join our supporters in taking a collective sigh of relief knowing that @BetsyDeVosED will no longer head @usedgov. Student loan advocates are optimistic that @JoeBiden’s nominee, @teachcardona, will be a stronger champion for 45 million Americans carrying #studentdebt.
@Usedgov faces major challenges in the months ahead, but we cannot ignore the #studentdebtcrisis for a second longer. We expect @teachcardona to immediately work to enact broad-based student debt cancellation.
A plan to #cancelstudentdebt which would provide critical relief during the #COVID19 pandemic, boost the struggling downturned economy, and address the racial wealth gap that plagues our country. We are optimistic that @teachcardona will do just that.
"... Hope that existing #studentdebt relief programs will be implemented as the law intended, and hope that comprehensive student debt cancellation is within reach,” @DebtCrisisOrg's @nataliaabrams
“We know that hope is not enough. We will work tirelessly to ensure that a Secretary Cardona uses his power and legal authority to #cancelstudentdebt on Day One. And, we look forward to working with the new administration to enact other reforms that are desperately needed."
Current Secretary, @BetsyDeVosED, was an obstacle to #studentloan reform for all four years that she was in office. DeVos sought to dismantle student loan forgiveness programs, forcing borrowers and student loan reform advocates to take her to court.
.@BetsyDeVosED eliminated Obama-era safeguards for students at for-profit colleges, and she helped the most predatory of the #studentloan servicing companies fight back against attempts to hold them accountable.
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.@JoeBiden made his first comments Wednesday in response to the growing movement urging the President-elect to cancel $50,000 or more in #studentdebt using executive action.
Unfortunately, he inaccurately claimed that the President may not have the authority to free borrowers from debt through executive action and cast doubt over whether he would be willing to do so.
BREAKING: @JoeBiden says he is unlikely to use executive action to #cancelstudentdebt despite unprecedented support from lawmakers, experts, and the public.
We joined a diverse coalition of 237 civil rights and consumer protection organizations, including the @NAACP and several national labor unions, to send a letter to @JoeBiden urging him to use executive authority to #cancelstudentdebt.
“Earlier in the day, @JoeBiden had reaffirmed his general support for broad #studentloan forgiveness, but suggested that he would support a smaller amount of $10,000.” @Forbes@AdamSMinsky
#STUDENTDEBTxCOVID REPORT: Most people are not financially secure to resume student loan payments and economic challenges disproportionately harm people of color and older people.
.@DebtCrisisOrg, the nation’s largest student debt advocacy organization, and @BySavi, a social impact technology company working to help solve the crisis, completed a nationwide #STUDENTDEBTxCOVID survey last week with 58,733 #studentloan borrowers.
Even with the recent announcement of a short-term extension suspending #studentloan payments and interest until January 31, 2021, the #STUDENTDEBTxCOVID survey findings are bleak, underscoring that student loan borrowers are worse off now than in the spring.