READOUT: “This Can’t Come Soon Enough”: Senator Reverend Warnock Urges President Biden to Help Georgians, Take Strong and Immediate Steps to Address Student Debt, Spur Entrepreneurship

Today, Senator Reverend Warnock met with President Biden in the Oval Office to urge the President to swiftly address student debt

Senator Reverend Warnock told President Biden Georgians want strong debt relief that strengthens financial security, boosts the economy and helps all Georgia borrowers

Senator Reverend Warnock has heard from countless Georgians about how burdensome student loans are hurting their pockets and making it harder to navigate our changing economy

Senator Reverend Warnock: “Significantly cancelling student debt can’t come soon enough, as Georgia student loan borrowers still have a mountain to climb as they continue navigating the changing economy. This relief would lower people’s financial burdens and spur entrepreneurship. It would also provide the most help for Georgians who graduated from institutions like trade schools and junior colleges, and the countless borrowers who weren’t able to finish their degree”

Washington, D.C. — As part of his continued efforts to save Georgians money and bring economic relief to Georgians navigating the changing economy, today U.S. Senator Reverend Raphael Warnock (D-GA) met with President Biden in the Oval Office to urge the President to swiftly address the burdensome student debt crisis and move immediately to issue strong debt relief. President Biden told the Senator in March he wanted to meet about this issue, and Senator Warnock told the President that Georgians want strong debt relief that boosts the economy and helps all Georgia borrowers. The Senator was joined in the Oval Office by Senate Majority Leader Chuck Schumer (D-NY) and Senator Elizabeth Warren (D-MA).

“I was glad to meet today with President Biden before the White House takes any additional action to address student debt, and make sure he hears the stories I’ve heard from Georgians about why they need strong student debt relief,” said Senator Reverend Warnock.“Significantly cancelling student debt can’t come soon enough, as Georgia student loan borrowers still have a mountain to climb as they continue navigating the changing economy. This relief would lower people’s financial burdens, and spur entrepreneurship and homeownership. It would also provide the most help for Georgians who graduated from institutions like trade schools and community colleges, and the countless borrowers who weren’t able to finish their degree.  It was a productive meeting, and I hope the President is thinking about Georgians and our stories as the Administration plans its next actions to address burdensome student loan debt.”

Senator Reverend Warnock has heard from countless Georgians about how onerous student loans are hurting their pockets and making it harder to navigate our changing economy. Senator Warnock believes that significantly cancelling student debt is a much-needed and would provide the most help for students who graduated from institutions like trade schools and community colleges, and countless borrowers who weren’t able to finish their degree.

Senator Reverend Warnock has long advocated to address the student loan crisis. Senator Warnock told Morehouse graduates during his commencement address on May 15 that he was pushing President Biden to cancel some student loan debt. In April, Senator Warnock signed onto a letter with over 100 lawmakers calling on the Biden Administration to extend a pause on payments and cancel student debt. Last month, at the Senator’s urging, President Biden announced an extension of the payment pause on federal student loans through Aug. 31; the moratorium on student loan payments was previously set to expire on May 1. The Administration additionally announced that the Department of Education will erase the defaults of all borrowers covered by the pandemic-related pause, which Senator Warnock has vocally pushed, as he co-led a push with Senator Warren in April 2021 asking Education Secretary Cardona to do just that. Senator Warnock joined his colleagues in requesting additional details from the Department of Education on its plans to provide student borrowers a “fresh start.”  At a March Democratic retreat, the Senator pressed the President to cancel student debt. 

###

Share on print
Print
Share on email
Share
Share on facebook
Like
Share on twitter
Tweet