NAACP ‘hopes’ Biden will forgive student loan debt
The National Association for the Advancement of Colored People (NAACP) said it was growing optimistic about the Biden administration’s decision to forgive student loan debt, the same day the government Federal said thousands of borrowers could have their loans forgiven.
“We have more hope than ever that President Biden will cancel student loan debt. It seems increasingly likely,” the organization said in a statement Tuesday. “The change in tone from the White House is encouraging, but we will continue to push until it happens.”
The NAACP statement came the same day the Department of Education announced that some 40,000 borrowers could have their loans canceled as part of an initiative to address persistent problems and failures in federal loan programs. to students.
The Public Service Loan Forgiveness Program (PSLF) makes full-time public service workers eligible for loan forgiveness.
“The NAACP has been pushing for student debt cancellation since day one, on the streets and in the halls of power – including countless meetings with the White House and the Secretary of Education – and we will continue to fight this fight until it is called off,” the statement concluded.
The Biden administration announced earlier this month a further extension of the moratorium on federal student loan repayments and interest growth, with August 31 being the final deadline for the moratorium.
The moratorium, decreed by former President Trump during the COVID-19 pandemic, has since been renewed five times.