CONGRESSIONAL BLACK CAUCUS ISSUES STATEMENT ON STUDENT LOAN DEBT CRISIS

Congressional Black Caucus Chairwoman Joyce Beatty and members of the Congressional Black Caucus issued the following statement on the call for student loan debt cancellation:

"The $1.7 trillion student loan debt crisis is a racial and economic justice issue disproportionately impacting Black communities across the nation. We are calling on the Biden Administration to implement broad-based student loan debt cancellation by executive action. We are committed to working with the Administration to explore all options and we are requesting to meet with the President,” said Congressional Black Caucus Chairwoman Joyce Beatty. “This is a crisis created through policy decisions, and we have a responsibility to address it head-on. Canceling student loan debt is one of the most impactful ways to address ongoing economic and racial inequities plaguing our nation. As representatives of more than 17 million Black Americans and 80 million Americans, the urgency of this moment requires we move with intention. In order to reduce the racial wealth gap and advance a just and equitable economic recovery for all, we must alleviate the burden of student debt. Nothing is off the table, except inaction.”