'Federal student loan payments are scheduled to restart two weeks from today,' said USProgressives. 'POTUS, it's time to cancel student debt.' CancelStudentDebt
that"while I don't have an announcement here today, I will tell you we're having conversations daily with the White House and borrowers will know directly and soon from us when a decision is made."
"The president has been very clear about making sure we're leading with students first, and we've been proud of the $28 billion in loan forgiveness up to this point and the policies that we've changed to fix a broken system," he said."We recognize that Americans are waiting and we'll be communicating with them as soon as we can."$3.
"The evidence shows that for years, ITT's leaders intentionally misled students about the quality of their programs in order to profit off federal student loan programs, with no regard for the hardship this would cause," he noted, adding that the administration"will continue to stand up for borrowers who've been cheated by their colleges, while working to strengthen oversight and enforcement to protect today's students from similar deception and abuse.
In a statement from the Debt Collective, several former ITT students shared how they expect the move to positively impact their lives—including Joseph White, who said that"canceling my loans would make me free of this debt trap so I can continue saving for my future." "Over the past seven years of my debt strike, I was able to save money in my retirement account," White added."It's up to Biden now to permanently erase student debt for everyone. The country's middle class cannot afford $1.7 trillion dollars in student loan debt."
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