PNS National Newscast

Audio Activation
"Siri, play the Public News Service (podcast)"
"Hey Google, play the Public News Service podcast"
"Alexa, play Public News Service podcast"
or "Alexa, what's my news flash?" once you set it up in the Alexa app

2020Talks

Audio Activation
"Siri, play the 2020Talks podcast"
"Hey Google, play the 2020Talks podcast"
"Alexa, play Two-Thousand-Twenty Talks podcast"
or "Alexa, what's my news flash?" once you set it up in the Alexa app

Newscasts

PNS Daily Newscast - March 2, 2021 


Human rights advocates applaud Biden's policy to reunite immigrant children separated from parents; pivotal SCOTUS arguments today on Voting Rights Act.


2021Talks - March 2nd, 2021 


President Biden meets with Mexican President Lopez Obrador; DHS Secretary Mayorkas says separated immigrant families may be able to stay in U.S.; and Sen. Elizabeth Warren introduces legislation for a wealth tax.

Groups Demand Cancellation of Federal Student-Loan Debt

Downloading Audio

Click to download

We love that you want to share our Audio! And it is helpful for us to know where it is going.
Media outlets that are interested in downloading content should go to www.newsservice.org
Click Here if you do not already have an account and need to sign up.
Please do it now, as the option to download our audio packages is ending soon

Rally organizers say nearly 30% of Philadelphians with student debt in communities of color are behind on their loan payments. (Damir Khabirov/Adobe Stock)
Rally organizers say nearly 30% of Philadelphians with student debt in communities of color are behind on their loan payments. (Damir Khabirov/Adobe Stock)
December 31, 2020

PHILADELPHIA -- Student and community groups will rally outside President-elect Joe Biden's Philadelphia headquarters Monday to demand he cancel all federal student debt on his first day in office.

Organizers of the rally say Philadelphia was instrumental in securing Biden's victory at the polls.

Now, after months of unemployment brought on by the pandemic, many have to choose between paying their debts or keeping a roof over their heads and food on the table.

Lauren Horner, community organizer for the PA Debt Collective, said cancelling student debt would relieve some of the burden on people who have gone months without paychecks.

"Philly residents have much higher debt loads - an average of over $37,000 - than many graduates in other major cities, especially our Black and Brown borrowers," Horner explained.

Biden backed legislation that would cancel the first $10,000 of federal student loan debt, but has not supported a Democratic resolution urging him to eliminate more.

That resolution, proposed by Sen. Elizabeth Warren, D-Mass., and Senate Minority Leader Chuck Schumer, D-N.Y., would cancel up to $50,000 of student debt per borrower.

But Horner insists that still wouldn't be enough.

"To cancel all of the debt would be a much bigger and bolder statement," Horner maintained. "And it would keep $11.6 billion in the pockets of over 300,000 Philadelphia residents, in particular."

Nationally, 45 million Americans owe more than $1.5 trillion on student loans.

Biden calls it "questionable" whether he'll have the executive power to cancel even $50,000 of student loan debt.

But Horner pointed out Congress gave that authority to the Secretary of Education, a presidential appointee, decades ago.

"Basically, with a sign of a pen, the $1.5 trillion of federal student loans can be cancelled," confirmed. "So, we're simply demanding that Biden use this power that he already possesses to push this forward."

She added student debt is one factor contributing to the racial wealth gap, and cancelling it would help reduce wealth inequality.

Andrea Sears, Public News Service - PA