'With one stroke of the pen, President Biden could CancelStudentDebt for tens of millions and show the American people that the government is on their side,' says ewarren.
"With one stroke of the pen, President Biden could #CancelStudentDebt for tens of millions and show the American people that the government is on their side."As one of the largest U.S. educational lenders on Thursday agreed to pay $1.85 billion to 39 states to resolve predatory lending claims, progressive lawmakers and advocates renewed calls for the cancellation of all outstanding student loan debt.
"At long last, the student loan borrowers who had been forced to shoulder the burden of dangerous and predatory private student loans made by Sallie Mae and owned by Navient will finally be debt-free," Mike Pierce, executive director of the Student Borrower Protection Center, said in a statement. "All student loans are predatory because no one should have to go into debt to get an education," she tweeted.