U.S. Senator Chuck Schumer joined Community Board 2 for its monthly meeting on a Zoom call Thursday evening (Screen Shot: Queens Post)
Jan. 12, 2021 By Christian Murray
U.S. Senator Chuck Schumer is calling on residents to lobby President-elect Joe Biden for student loan forgiveness.
Schumer, who spoke to Community Board 2 members via Zoom Thursday, said that he and Senator Elizabeth Warren have proposed that the first $50,000 of student loan debt be forgiven by the federal government.
“The good news is Joe Biden can do this with the flip of the pen and it does not need legislation,” Schumer said. “This is huge. So many younger people have a huge burden of student debt and it particularly affects us here in New York.”
Schumer said that Biden is able to forgive the debt via an executive order. He said this could be done on the first day Biden is in office and would be a huge boost to young people.
“They could use the money to buy a house, start a family and get the job they need and want,” Schumer said during the meeting.
Schumer’s spokesperson said that he wants people to advocate for $50,000 in debt forgiveness via twitter.
Biden made a campaign pledge to sign legislation canceling up to $10,000 in student loan debt for borrowers who make up to $125,000 a year.
Last week’s Democratic takeover of the Senate means Biden is in a better position to deliver on that promise.
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7 Comments
Senator Charles Schumer wanting Uncle Sam to forgive the first $50,000 in outstanding college loans sounds great. Who doesn’t want free stuff from Washington? But what about the millions of American parents who saved and sacrificed to put their children through college. What about the students who worked at part time jobs to attend college? Millions benefited from being able to attend college on student loans. This has given them access to the middle class. Sadly, too many students then stuck Uncle Sam with the bill. Despite being successfully employed for years at well-paying jobs, there are several hundred thousand former students with ample income who refuse to pay off their student loans. Taxpayers are left with billions of dollars in uncollected debts. Now Schumer wants Washington to just write off hundreds of billions in outstanding student loan debt. Many larger private colleges have endowment funds ranging from millions to billions. Why don’t they contribute to reducing their own graduating students debt instead of taxpayers? Collecting some of these outstanding debts from those who can easily afford to is only fair. Given that we are now burdened with over $27 trillion in long-term debt, equal attention must be paid to this scandal as well. Why not start by denying federal and state tax refunds to those deadbeats who look for a free ride at our expense? When will the White House and Congress speak up on this issue as well and introduce appropriate legislation to assist in collecting these outstanding debts? Time will tell
Larry Penner.
Why should the loans be forgiven? They made the mess why should the government clean it up. Choices were made to contribute to the outstanding debt. Could have chosen to live at home ,go to a less expensive school, work for a company that pays for college. If you ran up the bill
PAY FOR IT.
2,000 checks? How many checks do you need?
This Communist Chinese puppet got his a$$ handed to him in midtown the other day. Everyday Dems have had it with these treasonus lot.
Communist ? Was it the communist that funded the Capitol Hill insurrection? https://news.yahoo.com/exclusive-large-bitcoin-payments-to-rightwing-activists-a-month-before-capitol-riot-linked-to-foreign-account-181954668.html. https://www.businessinsider.com/trump-campaign-spent-1-billion-2020-election-president-politics-finance-2020-9
What about the 2000 checks? Please we need money.
Why should hard-working people who didn’t go to college and those who did but paid their way, have to cough up more of their paychecks so some spoiled brats who spent 4 years going to frat parties, getting drunk and trying to boink coeds, don’t have to live up to their financial obligations?
Why should taxpayers pay for someone else’s fiscal irresponsibility?
Life lesson: DON’T take out a loan you cannot afford to pay back.
If your degree in Feminist Dance Theory or some other equally useless major doesn’t translate into big bucks in the real world, that’s YOUR problem.