Re: Sign the petition to President Biden: Release the memo and cancel student debt

Friend, President Biden has yet to uphold his campaign pledge to cancel $10,000 in student debt per borrower. And now, the administration is hesitating to publicly release a [memo]( outlining his existing authority on canceling student debt. [Sign the petition to President Biden: Release the Education Department's memo on student debt cancellation.]( [SIGN THE PETITION]( 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. We must start by ensuring Biden upholds his campaign promise. We need your help, Friend, in demanding Biden provide full transparency to release the memo to the public, and then use his executive privilege to cancel what debt he can for struggling Americans. [Sign the petition to President Biden: Release the memo and cancel student debt.]( [SIGN THE PETITION]( Thanks for all you do, Erin Tulley, Daily Kos P.S. Below is an email we sent out earlier urging Biden to release the student loan memo and cancel student debt: --------------------------------------------------------------- Friend, President Biden pledged during his campaign to cancel $10,000 in student debt per borrower. A year later, he has yet to do that. In fact, the White House won't even release a legal memo, given to him last April that details his authority to cancel student debt on a larger scale. This memo's information is crucial to ensuring economic prosperity for millions drowning under the student debt crisis. [Sign the petition to President Biden: Release the Memo and Cancel Student Debt.]( [SIGN THE PETITION]( This crisis is crushing our economy (over $1.7 trillion worth). The Government Accountability Office found that 50% of federal borrowers are at risk of falling into delinquency or falling behind on payments. That's a financial bubble waiting to burst. The longer we ignore the problem, the worse it will get. Student debt is holding working families back. People cannot buy a home, start a business or start a family, and it chases borrowers into their retirement years. While a moratorium on loan payments has offered temporary relief, borrowers are expected to resume payments on May 1st—despite the federal student loan program being woefully under-prepared to resume the repayment process. The first step to fixing our student debt crisis is publicly releasing the U.S. Department of Education memo. [Sign the petition to President Biden: Release the Memo and Cancel Student Debt.]( [SIGN THE PETITION]( Thank you for fighting with us, Mayra Souza, 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](.