January 12, 2021 by Christian Murray
US Senator Chuck Schumer calls on residents to use President-elect Joe Biden to grant student loans.
Schumer, who spoke to members of Community Board 2 through Zoom on Thursday, said he and Senator Elizabeth Warren proposed that the federal government should cancel the first $ 50,000 in student loan debt.
“The good news is that Joe Biden can do this with the stroke of a pen and it doesn’t require legislation,” said Schumer. “It’s huge. So many younger people have enormous debts, and that affects us especially here in New York.”
Schumer said Biden was able to get the debt off by an order. He said this could be done the first day Biden was in office and would give young people a huge boost.
“They could use the money to buy a house, raise a family and get the job they need and want,” Schumer said during the meeting.
Schumer’s spokesman said he wanted people to use Twitter to push for $ 50,000 debt relief.
Biden pledged a campaign to sign a bill granting up to $ 10,000 in student loans for borrowers earning up to $ 125,000 a year.
The Democrats’ takeover of the Senate last week means Biden is in a better position to deliver on that promise.