Washington, D.C. — Today, over 415 organizations sent an updated letter to President Biden and Vice President Harris, calling on them to use executive authority to cancel federal student debt immediately.
In the letter, the 416 advocacy groups highlight that cancelling student debt would stimulate the economy, help reduce racial wealth gaps, and could have a positive impact on health outcomes. The groups write that “executive action is one of the few available tools that could immediately provide a boost to upwards of 44 million borrowers and the economy.” Further, this action would be an important first step in advancing the President’s campaign priorities to ensure racial equity, focus on economic recovery, and deliver COVID-19 relief.
The broad and diverse coalition advocating for this urgent action include (new signers in bold):
ACLU, Center for American Progress, American Federation of Teachers, Association of Latino Administrators and Superintendents, National Education Association, The Education Trust, Color Of Change, Hispanic Federation, JFI – Jain Family Institute, Hip Hop Caucus, League of United Latin American Citizens (LULAC), NAACP, National Action Network, National Council of Asian Pacific Americans (NCAPA), National Indigenous Women’s Resource Center, National Urban League, UnidosUS, Poverty & Race Research Action Council, New Georgia Project Action Fund, American Federation of State, County and Municipal Employees (AFSCME), Association of Flight Attendants-CWA, Communications Workers of America, SEIU, UE (United Electrical, Radio and Machine Workers of America), Family Equality, the National Center for Lesbian Rights, National Women’s Law Center, the American Psychological Association, Council on Social Work Education, National League for Nursing, National Disability Rights Network, American Association of University Professors (AAUP), 350.org, Greenpeace, Sunrise Movement, Minority Veterans of America, National Sustainable Agriculture Coalition, National Young Farmers Coalition, Main Street Alliance, National Fair Housing Alliance, MoveOn, Indivisible, MomsRising, the United States Student Association, African American Ministers In Action, Bend the Arc: Jewish Action, Pennsylvania Council of Churches, the Faith in Action National Network, and the National Advocacy Center of the Sisters of the Good Shepherd.
The letter was led by Americans for Financial Reform, the Center for Responsible Lending, the National Consumer Law Center, Student Borrower Protection Center, Student Debt Crisis, and Young Invincibles.