National Urban League Welcomes President Biden's First Step in Addressing Higher Eduction Affordability Crisis
Washington, D.C. (August 22, 2022) – Today, National Urban League President and CEO Marc H. Morial issued the following statement in response to President Biden’s announcement of a plan to forgive a portion of student loan debt for those who need it most and extend the pause on federal student loan repayment until the end of the year:
“Today, President Biden offered much-needed relief to millions of federal student loan borrowers. With the stroke of a pen, he is forgiving $10,000 in federal student loan debt for those making under $125,000 a year for non-Pell grant recipients and up to $20,000 for Pell grant recipients. The plan also extends the moratorium on federal loan repayment until the end of the year and takes other long-term steps to ameliorate the college debt crisis for all.