Chuck Schumer Wants Biden To Cancel $50,000 In Student Loan Debt To Support Veterans
HuffPost
The president "is moving in our direction" after previously saying he would forgive only up to $10,000 per borrower, the top Senate Democrat told HuffPost.
As the Biden administration debates how much student loan debt to cancel through executive action, Senate Majority Leader Chuck Schumer (D-N.Y.) wants President Joe Biden to see the plight of one particular group as a reason to go big: veterans. “Biden can do this with the flick of a pen… veterans are people who disrupted their lives and risked their lives — it doesn’t seem like much to ask,” Schumer told HuffPost in an interview on Thursday. Student debt is crushing veterans. For-profit schools have targeted service families for years, trapping many with debt. About 200,000 service members owe almost $3 billion in student loans, and less than 10% have begun the process of loan forgiveness, an advocacy group called the Student Loan Borrower Protection Center found last year. The corresponding numbers among veterans, a bigger group than those currently serving, are likely far higher. And veterans say debt worries worsen the mental health challenges already experienced by many in their community.
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