“100 Days to Cancel Student Debt” Town Hall is part of renewed push for debt cancellation before the student loan payment pause expires in May
Austin, Texas — NextGen America, Student Debt Crisis Center, Public Citizen and MoveOn will host a virtual town hall on January 27 to showcase strong support for broad-based student debt cancellation.
The “100 Days to Cancel Student Debt” event will include remarks from Senate Majority Leader Chuck Schumer, Senator Elizabeth Warren, Rep. Ayanna Pressley and NextGen America President Cristina Tzintzún Ramirez, and include messages from several congressional lawmakers as well as Americans deeply affected by the student debt crisis.
The town hall follows President Biden’s recent action extending the pause on federal student loan payments until May 1, and will call on the president to finally fulfill his campaign promise to cancel student debt for millions of Americans. NextGen is committed to working with lawmakers, advocates and everyday people to enact broad cancellation of student debt – $50,000 per borrower – and will continue that work until the president responds with an executive order providing relief to over 40 million borrowers.
“Millions of young Americans are drowning in debt and holding off on starting families, purchasing a home or starting a business. This is a crisis that is crushing the dreams of millions of Americans, but it can be solved,” NextGen America President Cristina Tzintzún Ramirez said. “President Biden has the ability to cancel $1.2 trillion of student debt and with the power of his pen he could give a huge boost to our economy and give millions of Americans the ability to start living their dreams. Student debt borrowers could start putting thousands of dollars into purchasing a home, starting a business or spending and growing the economy.”
“Millions of Americans support canceling student debt because it makes good economic sense,” Tzintzún Ramirez said.”It ensures we build a strong economy by investing in our greatest asset: American young people.”
“Canceling student debt will be a lifeline to millions of borrowers who are constrained by the weight of student debt,” said Remington A. Gregg, Counsel for Civil Justice and Consumer Rights at Public Citizen. “It will also benefit the economy and begin the hard work of closing the racial wealth gap. That’s why Public Citizen is in this fight, and why we’ll continue to advocate for President Biden to use his executive authority to cancel student debt.”
“As America continues to face the economic and health crisis caused by the pandemic, we must demand that our political leaders meet the moment with bold solutions. President Biden has the legal authority to cancel student debt for millions of Americans — and he must use it — to respond to this unprecedented moment,” said Student Debt Crisis President and Founder Natalia Abrams. “Canceling student debt is the most powerful way to boost the recovering economy, support families struggling to get back on their feet, and address persistent racial equity issues. We are proud to stand with lawmakers, advocates, and everyday Americans in calling on the President to take this action now.”
Thursday’s town hall marks the culmination of several weeks of heightened student loan debt advocacy from NextGen, including gathering petition signatures, leading online information sessions and workshops and organizing social media organizing bootcamps.
NextGen has played a key role in advocating for student debt cancellation in recent years. In addition to making millions of calls and texts to young voters, NextGen has helped over 12,250 borrowers send letters to President Biden sharing their personal stories and emphasizing the need for debt cancellation.
The town hall will be livestreamed on YouTube at this link beginning at 5 p.m. ET on Thursday, Jan. 27.
Members of the media are asked to RSVP here. Please contact email@example.com with any questions.
About NextGen America
NextGen America is the leading national organization for engaging young people through voter education, registration and mobilization. We invite 18-to-35 year olds — the largest and most diverse generation in American history — into our democracy to ensure our government works for them and to find new solutions to the dire challenges facing our society and the world. Since 2013, NextGen America has registered more than 1.4 million young voters and educated many millions more, delivering more than the margin of victory for progressives in key races and building an electorate that will lead American politics for decades to come.
Student Debt Crisis Center
Student Debt Crisis Center (SDCC) is a nonprofit organization centering the needs and voices of borrowers, and partnering with allies, to impact public policy and end the student debt crisis. We are a people-powered movement representing over 2 million supporters. We fight hard on two fronts: one, working directly with borrowers to help them navigate the bewildering and frustrating loan repayment system – and two, advocating for lasting and meaningful change through advocacy work and the lobbying of national and state legislators.