Sen. Warren: Canceling Student Loan Debt Is a Matter of Racial, Economic, and Generational Justice

EXCERPT:

WARREN: "We're here today to call on President Biden for justice. Cancelling $50,000 of student loan debt is a matter of racial justice, it is a matter of economic justice, it is a matter of generational justice. On racial justice, cancelling $50,000 of student loan debt would close the black-white wealth gap in America for those who have student loan debt by 25 points. There is no other single action that the President of the United States could take to help close that gap, to help bring families together, to help lift up families who generation after generation have been left behind in the effort to build real wealth and wealth across generations. It is a matter of economic justice. Cancelling $50,000 of student loan debt is a matter of acknowledging that people who have tried to get an education and end up with student loan debt are disproportionately those who come from families that can't afford to write a check for college. 40 percent of the people who are dealing with student loan debt were not able to finish college.”