On the recordJune 1, 2023
I come to the floor to urge all of my colleagues to vote against this Republican bill that would undo President Biden's student debt relief plan and rip away relief borrowers across the country are counting on. It is hard to overstate how badly the student debt crisis has strained our borrowers and our families nationwide, and this crisis has been a drag on our whole country and our economy. It is holding people back from starting families or starting a business or buying a home-- or, in many cases, just making ends meet. The student debt relief President Biden announced last fall is life- changing for so many borrowers. Under his plan, tens of millions of people who are struggling with student debt will finally see their balances go down, and millions will have their debt wiped out entirely. Before Republican interests sued to deny borrowers this life-changing relief, putting the President's plan on pause, over 26 million people across all 50 States had already applied for or were automatically eligible for that relief. And let's be clear. This relief is targeted to reach those who need it the most. Ninety percent of the relief will go to borrowers earning less than $75,000 a year. That is such a big deal. I have heard from so many people across my State who were so grateful and relieved to have a glimmer of hope finally, to see a light at the end of the tunnel, and now Republicans want to snuff it out.…





