100 signatures reached
To: US Department of Education, Congress, Senate
Permanent Student Loan Administrative Forbearance
Cancel federally owned student loan debt.
Why is this important?
Temporary administrative forbearance expires on September 30. The pandemic is making it impossible for some and much harder for others to resume payments. We are in a recession. We have lost our jobs. We have had reduced hours. We have increased childcare costs. We are not working to take care of school aged children. We are unable to find jobs. We are drowning in debt.
Cancelling federally owned debt would benefit the U.S. economy, reduce the massive wealth divide, and give hope to millions of Americans struggling in today’s economy.
The CARES Act placed federal student loans in a temporary administrative forbearance but what is needed is a permanent solution. Our crushing debt require cancellation entirely.