Schumer Pushes Plan for $50,000 Student Loan Forgiveness

Andreas Milano

new video loaded: Schumer Pushes Plan for $50,000 Student Loan Forgiveness transcript Back transcript Schumer Pushes Plan for $50,000 Student Loan Forgiveness At a news conference on Thursday, Senator Chuck Schumer, the majority leader, called on the Biden administration to forgive $50,000 worth of student loan debts. We are here […]

new video loaded: Schumer Pushes Plan for $50,000 Student Loan Forgiveness

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transcript

Schumer Pushes Plan for $50,000 Student Loan Forgiveness

At a news conference on Thursday, Senator Chuck Schumer, the majority leader, called on the Biden administration to forgive $50,000 worth of student loan debts.

We are here today to introduce our proposal to cancel $50,000 in student debt. And take a huge burden off so many people in America. College should be a ladder up — for too many people, debt is the anchor that weighs them down, and they rarely overcome it. This debt holds people back from buying cars, from going on vacations, from starting families, from getting the job they want to get. It’s a huge anchor on our entire economy, and there’s very little that the president could do with the flick of a pen that would boost our economy more than canceling $50,000 in student debt. We have met with the president. We are pushing the president and his people, and we are very hopeful that the cry from one end of America to the other — “Take this student loan debt off our backs” — will be heard in the White House, and we can accomplish this goal. And I’ll tell you one thing, we are not going to let up until we accomplish it, until $50,000 of debt is forgiven for every student in the country.

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