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17 state AGs urge Biden to cancel student debt

February 22, 2021

Via: Jurist

Attorneys general from 17 US states sent a letter to congressional leaders Friday expressing support for a student loan debt forgiveness program up to $50,000. The letter, spearheaded by Maura Healey of Massachusetts and Letitia James of New York, is in support of Senate Resolution 46 and House Resolution 100. Both resolutions call on President Joe Biden to cancel federal student loan debt through executive action.

The letter highlights the particular struggles many borrowers are facing, especially during the COVID-19 pandemic. Declaring bankruptcy is not a viable option for struggling borrowers because “[f]ederal student loans are not dischargeable except under extremely narrow circumstances.”

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