Nearly 20 Dozen Groups Demand Biden Cancel All Federal Student Debt on Day One by Executive Order

More than 235 nonprofit and community organizations on Wednesday sent a letter to President-elect Joe Biden and Vice President-elect Kamala Harris, urging them to "use executive authority to cancel federal student debt on day one of their administration."

"Student loan borrowers are drowning in debt caused by a system that has been inequitable and broken for decades."
—Persis Yu, National Consumer Law Center

"Biden can—and should—cancel student debt on day one of his presidency," said Ashley Harrington, federal advocacy director and senior counsel at the Center for Responsible Lending, in a joint statement.

"Short-term payment suspension alone is not enough to help struggling borrowers who are unemployed, already in default, or in serious delinquency," Harrington added. "Borrowers need real relief, and they need it on day one."  

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