Friend, sign this: 36 million Americans deserve to have their debt canceled

Friend, [sign the petition to President Biden: Release the memo and cancel student debt.]( [Sign the petition]( President Biden has yet to uphold his campaign pledge to cancel $10,000 in student debt per borrower. It is a moral imperative that the administration take a broad-based approach to this issue, and work to cancel over $50,000 in student debt per borrower. But Biden [won't even release]( a legal memo, which has been sitting on his desk since April, that details his authority to cancel student debt. This memo's information is crucial to ensuring economic prosperity for millions who are drowning under the student debt crisis. [Sign the petition to President Biden: Release the memo, and then cancel student debt.]( [Sign the petition]( This crisis is crushing our economy (over $1.7 trillion worth), and deferring the hopes and dreams of Americans: people cannot buy a home, start a business or start a family. It is especially pronounced in communities of color, and it chases borrowers into their retirement years. In addition, the Government Accountability Office found that 50% of federal borrowers [are at risk]( of falling into delinquency or falling behind on payments. While a moratorium on loan payments has offered temporary relief, borrowers are expected to resume payments on May 1—despite the federal student loan program being woefully under-prepared to resume the repayment process. Canceling $50,000 in student debt per borrower would give 36 million Americans permanent relief. It is "the single most effective executive action President Biden could take to jump-start our economy and begin to narrow the racial wealth gap," said Senator Elizabeth Warren. [Click to AUTOMATICALLY sign the petition to President Biden: Release the memo, and then cancel student debt of $50,000 or more per borrower.]( [Click to AUTOMATICALLY sign the petition]( Our message to President Biden: Student debt crushes our economy and defers the hopes and dreams of Americans. We need you to use your presidential authority to cancel $50,000 or more in student debt per borrower. And as a first step, you must release the April 2021 Department of Education memo that explains how you have the legal authority to do so. Release the memo, and cancel student debt. By signing this petition you will receive periodic updates on offers and activism opportunities from Daily Kos. You may unsubscribe at any time. Here's our [privacy policy](. Keep fighting, Paul Hogarth, Daily Kos Daily Kos Relies on Readers Like You We don't have billionaire backers like some right-wing media outlets. Half our revenue comes from readers like you, meaning we literally couldn't do this work without you. Can you chip in $5 right now to help Daily Kos keep fighting? [Chip in $5]( If you wish to donate by mail instead, please send a check to Daily Kos, PO Box 70036, Oakland, CA, 94612. Contributions to Daily Kos are not tax deductible. Sent via [ActionNetwork.org](. To update your email address, change your name or address, or to stop receiving emails from Daily Kos, please [click here](.