We’ve been working towards this day for a long time, and it’s here: President @JoeBiden is taking historic action to cancel up to $20,000 of debt for millions and millions of Americans.
Make no mistake: This is one of the biggest acts of consumer debt relief in American history, and it will directly help hard-working people who borrowed money to go to school because they didn’t come from a family that could write a big check.
By canceling student debt, President Biden is helping working people who are struggling with rising costs. He’s freeing people up to buy homes or start new businesses or start families. And he’s helping narrow the racial wealth gap for borrowers. It’s a big step forward.
I’m going to continue working to reform our higher education system & put technical schools, community colleges, & public universities within reach for every family. And we’ve got to make sure that everyone who’s eligible gets this relief as quickly as possible.
I’m grateful for everyone who’s raised their voices to #CancelStudentDebt. Today is a win—and it paves the way for even more victories to come, if we keep fighting side by side.
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