Good Morning, Brooklyn: Thursday, May 5, 2022
COALITION TO PRESIDENT BIDEN: CANCEL ALL STUDENT DEBT: New York Attorney General Letitia James led a multistate coalition of eight state attorneys general in urging U.S. President Joe Biden to fully cancel federal student debt. Attorney General James and the coalition stress in their letter to Biden that, while they acknowledge his administration’s commitment to addressing the issue, they urge President Biden to immediately exercise his authority under the Higher Education Act to cancel all federal student loan debt for every borrower, totaling more than $1.7 trillion owed to the federal government.
“While I commend President Biden for giving serious consideration to forgiving $10,000 per borrower, we must take bolder, more decisive action to end this crisis and provide Americans with the tools they need to thrive,” said Attorney General James.
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