Warren joins groups pushing Biden to cancel student loan debt on Day 1

November 20, 2020 

Hundreds of groups have sent a letter to President-Elect Joe Biden urging him to "cancel" student loan debt for borrowers on his first day in the Oval Office.

Around 240 organizations have signed on to the letter, which notes that Biden could enact the policy through executive action to help 44 million Americans.

"Cancelling student debt would disproportionately help borrowers of color, respond to the coronavirus crisis, and provide much needed economic relief and stimulus," the letter read. "We call on you to deliver on the promise of the Biden-Harris Racial Economic Equity plan by cancelling federal student debt by executive action on Day One of your administration."

Signees included the American Federation of Teachers, National Education Association, The Education Trust, Hispanic Federation and NAACP.

BIDEN SAYS THERE SHOULD BE 'IMMEDIATE' CONGRESSIONAL ACTION ON STUDENT LOAN FORGIVENESS

Sen. Elizabeth Warren, D-Mass., who alongside Sen. Bernie Sanders, I-Vt., advocated this policy as a part of her presidential platform, has been tweeting about the topic this week.

A Biden official indicated there could be "immediate" action on forgiving $10,000 worth of student loan debt, but that it should be approved by lawmakers.

Warren is believed to be in the running for the role of U.S. Treasury Secretary in Biden's administration, though he said on Thursday he will announce his choice shortly before or after the Thanksgiving holiday.

Fifty-five percent of people under age 30 who went to college took on some debt for their education, according to data from the Federal Reserve.

Outstanding student loan debt stood at $1.55 trillion in the third quarter of 2020.

CLICK HERE TO GET THE FOX NEWS APP

Latest News

December 1, 2020
Sen. Grassley returns to Senate after coronavirus isolation
Read More
December 1, 2020
‘Georgia Is Not New York’: Progressives Adapt Efforts for Senate Runoffs

The two Democrats running in Georgia don’t share the far-reaching policy goals of their party’s left flank, but progressives are still trying to help their campaigns — with modified messages.

Read More
December 1, 2020
Biden Faces a Balancing Act in Choosing Top Aides With Business Ties

Jeffrey Zients, a candidate to lead the administration’s coronavirus response team, is arousing resistance from some progressive Democrats.

Read More
December 1, 2020
Who Will Get the Coronavirus Vaccine First?

A C.D.C. advisory panel will decide on its recommendations on Tuesday afternoon. Here’s what we expect, along with answers to other questions about the new shot.

Read More
December 1, 2020
Kentucky AG: Closing Religious Schools Violates First Amendment, 'We're Ready' to Send Lawsuit to SCOTUS 

On Monday’s broadcast of the Fox News Channel’s “Fox & Friends,” Kentucky Attorney General Daniel Cameron (R) stated that he will send his lawsuit arguing that Kentucky Gov. Andy Beshear’s (D) school closures violate the First Amendment because they have

Read More
December 1, 2020
Democrat Christy Smith Concedes to Republican Rep. Mike Garcia in California

Smith conceded to Garcia Monday in the race for California's 25th Congressional District -- former Rep. Katie Hill (D-CA)'s seat.

Read More
crossmenuchevron-down