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Home›Investment›Cambridge city officials pass resolution calling on Biden to write off student loan debt

Cambridge city officials pass resolution calling on Biden to write off student loan debt

By Justin Joy
April 7, 2021
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Cambridge City Council, Mass., Called President BidenJoe BidenBiden will address the nation on the evacuation of Afghanistan on Sunday afternoon, Pelosi said House was working to pass infrastructure bills by October 1. Facebook report reveals primary link within 3 months was to doctor who died after receiving COVID-19 vaccine formulate a plan in his first 100 days in office to write off all student loan debt using executive authority, a call that comes as demands for action have risen among Democrats in Congress.

A council resolution passed Tuesday urges Biden to write off nearly $ 2 trillion in student loan debt, which he said was disproportionately held by black, Latino, Indigenous students or members of other disadvantaged groups.

Such a move, said the resolution, would be “just a step towards establishing an equitable and accessible higher education system” in America.

“The cancellation of student loan debt and the elimination of debt in higher education represent a huge economic opportunity to increase spending in local communities, including Cambridge, support the upward mobility of individuals and provide a stimulus. essential during the pandemic, ”continues the resolution.

The Hill has contacted the White House for comment.

The adoption of the resolution on Tuesday comes on heels a decision by Philadelphia City Council, which voted in early March to pass a similar resolution presented by the only Working Families Party member currently on council.

“The cancellation of student loan debt and the elimination of debt in higher education represent a huge economic opportunity for Philadelphia to increase spending in our local community, support the upward mobility of individuals and provide a vital stimulus during the pandemic, ”reads the Philadelphia resolution.

Several Senate Democrats, including Elizabeth warrenSenator Elizabeth WarrenGOP urges Biden to rename Jerome Powell Progressives consider strategy change after high-profile losses Senate backlog of Biden candidates frustrates White House MORE (D-Mass.) And Majority Leader Charles SchumerChuck Schumer Moderation No Virtue In The Fight For Voting Rights How To Fix The Semiconductor Chip Shortage (It’s More Than Just Manufacturing) Sausage making won’t be pretty for the next few months MORE (DN.A.) called the president this week to take advantage of a provision of the recently passed COVID-19 relief program and eliminate student debt while the remission remains temporarily tax-free.

White House press secretary Jen psakiJen PsakiSunday Shows Preview: Chaos in Kabul Hinder US Evacuation Efforts Jake Sullivan Becomes Public Face of Biden Crisis in Afghanistan Biden to Welcome New Israeli Leader to the White House MORE said in February that Biden remained open to forgiveness of up to $ 10,000 in student loan debt per person, but only through congressional legislation.

“The President has supported and continues to support the cancellation of $ 10,000 of federal student loan debt per person in response to the COVID crisis,” she said.

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