Bloomberg Law
June 22, 2022, 8:32 PM UTC

Lawmakers, Union Leaders Push $50,000 Student Debt Forgiveness

Jalen Brown
Jalen Brown
Reporter

A group of Democratic lawmakers joined the AFL-CIO and member unions in calling on President Joe Biden to cancel $50,000 of student loan debt per borrower, a move they said is vital for working-class Americans.

The president can forgive the debt via executive order “with one stroke of a pen,” Rep. Ayanna Pressley (D-Mass.) said at a roundtable discussion Wednesday.

“At its root, organized labor is about giving workers a chance to live and to thrive. It’s the audacity to fight for better wages, for reasonable hours and safer working conditions,” Pressley said. “We know that canceling $50,000 per borrower ...

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