Administration

NAACP calls on President Biden to cancel student loan debt

The NAACP on Tuesday called on President Biden to cancel all student loan debt, saying that forgiving  $10,000 in student loans “is not enough.” 

In a statement on Tuesday, the organization’s national director of youth and college, Wisdom Cole, said that student loan debt has become a “racial and economic justice issue” for Black Americans. 

“President Biden, student loan debt is a racial and economic justice issue that stains the Soul of America,” Cole said in his statement. “With each and every repayment extension, you make a stronger case for canceling it.” 

“At this point, just cancel it. $50,000 is the bare minimum.” Cole concluded. “$10,000 is not enough.” 

The NAACP’s remarks come as the Biden administration is expected to announce another extension of the freeze on federal student loan payments this week, multiple sources told The Hill. 

The latest extension will extend the moratorium on federal student loan payments and interest grown past the current expiration date of May 1. 

The moratorium, enacted by former President Trump during the COVID-19 pandemic, has been renewed five times since, with Biden last extending the moratorium in December. 

Some lawmakers have called on Biden to extend the moratorium until after the midterm elections, while some borrowers and other Democrats urged him to cancel student loans altogether. 

In a tweet, Sen. Tom Cotton (R-Ark.) called out Biden for the expected move, citing it as “an insult to every American who responsibly paid debts.” 

“President Biden’s perpetual student loan payment moratorium is an insult to every American who responsibly paid debts,” Cotton wrote in his statement. “There’s no free lunch: this reckless move puts taxpayers  on the hook for billions.”

Tags Biden administration Donald Trump Joe Biden NAACP NAACP NAACP President Biden President Joe Biden Senator Tom Cotton Student loan Student loan forgiveness student loans The Biden Administration Tom Cotton

Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Regular the hill posts

People – Image widget – Person – Main Area Top

File - A Chevrolet Bolt is displayed at the Philadelphia Auto Show, Jan. 27, 2023, in Philadelphia. Electric vehicles are far less reliable than gasoline-powered cars, trucks and SUVs, mainly because most automakers are still learning how to build a completely new power system, according to this year's auto reliability survey by Consumer Reports.(AP Photo/Matt Rourke, File)
File - A Chevrolet Bolt is displayed at the Philadelphia Auto Show, Jan. 27, 2023, in Philadelphia. Electric vehicles are far less reliable than gasoline-powered cars, trucks and SUVs, mainly because most automakers are still learning how to build a completely new power system, according to this year's auto reliability survey by Consumer Reports.(AP Photo/Matt Rourke, File)

QAT WC-2613

People – Image – Person

In this photo released by the Governor of Sevastopol, Mikhail Razvozhayev telegram channel, a rescuer gestures as he helps people during an evacuation after storm and flooding in Sevastopol, Crimea, Monday, Nov. 27, 2023. A storm in the Black Sea took down power grids and left almost half a million people without power after it flooded roads, ripped up trees and damaged buildings in Crimea, Russian state news agency Tass said. (Governor of Sevastopol Mikhail Razvozhayev's telegram channel via AP)
In this photo released by the Governor of Sevastopol, Mikhail Razvozhayev telegram channel, a rescuer gestures as he helps people during an evacuation after storm and flooding in Sevastopol, Crimea, Monday, Nov. 27, 2023. A storm in the Black Sea took down power grids and left almost half a million people without power after it flooded roads, ripped up trees and damaged buildings in Crimea, Russian state news agency Tass said. (Governor of Sevastopol Mikhail Razvozhayev's telegram channel via AP)

People - Video Bin - Person

The White House is pushing 'Bidenomics,' but what does it mean?

The White House is pushing 'Bidenomics,' but what ...
DC Bureau: AI Legal Immunity (raquel)
KXAN: special session
DC Bureau: Biden economic display (basil)
KTXL: ca budget folo
WHTM: good gov bills
More Videos

Main area middle

See all Hill.TV See all Video

main area bottom custom html

MAIN Area bottom

People – Custom HTML – Person

MAIN AREA BOTTOM

People - Article Bin - 7 Headline List with Featured Image - Person

Main area bottom

Top Stories

See All

Most Popular

Load more