Important Student Debt Announcement
The president’s decision yesterday to reduce the outrageous level of student debt in our country is an important step forward in providing real financial help to a struggling middle class. Yesterday’s announcement to reduce up to $10,000 in student debt for working class Americans and up to $20,000 for Pell Grant recipients will eliminate student debt for some 20 million Americans and reduce debt for some 43 million. The result of this decision is that millions of Americans will now be in a better position to start families, or buy the homes and cars they have long needed. As someone who’s fought for years to cancel student debt, this is a big deal. But we have got to do more.