August 24, 2022
PHILADELPHIA—Responding to the Biden-Harris Administration's student loan forgiveness announcement, PFT President Jerry Jordan issued the following statement:
"Once again, President Biden and Vice President Kamala Harris are delivering on their campaign promises-- this time in the form of major student debt relief that will 'provide more breathing room to America’s working families' as part of a 'comprehensive effort to address the burden of growing college costs and make the student loan system more manageable.'
"For years, Americans have been saddled with burgeoning student debt and outrageous interest rates--oftentimes owing more than they borrowed. During AFT's student debt clinics, such as the one we held with Congressman Brendan Boyle and in follow up events since the PSLF waiver, we have drawn attention to this crisis and the real solutions that are needed.
"Already, because of the Biden-Harris' administrations historic step to overhaul the Public Student Loan Forgiveness program, coupled with the settlement of Weingarten v. DeVos, PFT members, and AFT members nationally have been part of more than 8 billion dollars in loan forgiveness. The AFT has engaged in a robust effort to share information and resources to enable members to navigate this well-deserved benefits.
"Now, with today's announcement, a future without student debt is in sight for even more Americans. AFT members as well as individuals who are not in public service will finally have some needed relief from the crushing burden of student debt. With plans to forgive $10-20K in debt, along with an extension of the pause on any loan payments, more people will be able to emerge from debt and be able to rest a little easier at night.
"Our members work tirelessly day in and day out, and the Biden-Harris administration's recognition of their efforts through meaningful action, underscores the importance of elections. Today is a welcome step forward. But make no mistake: our work continues, and our collective fight for a better tomorrow continues."
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