I have over $100,000 in student debt

Our elected officials must prioritize canceling student debt.

Since long before the pandemic, millions of Americans across the country have had to tackle the crushing weight and stress of paying back often exorbitant amounts of student loans. And during the height of the 2020 election, we watched as candidates touted canceling student loans as a pillar of their campaigns. But since then, we've only seen delays and excuses.

What's more, many of our own representatives are also affected by student debt. I myself have over $100,000 in student debt, making this fight deeply personal. For decades, we've shackled college students with debt and for working families, the choice to pursue higher education is often at the expense of putting food on the table, or keeping their utilities running.

If you agree that we need to demand immediate student debt relief and bring a wave of economic growth to working families all over the country, please pitch in to our movement so that we can continue our fight in Congress. 

Canceling student debt is not only an economic justice issue — it's a racial and gender justice issue as well. Just look at the numbers:

• Over 36 million Americans owe $1.7 trillion in student loan debt — and that number is growing. 
• Women hold over 67% of the national student debt total, with Black women owing more. 
• Black college graduates owe an average of $25,000 more in student loan debt than White college graduates. 
• Four years after graduation, 48% of Black students owe an average of 12.5% more than they borrowed, while 83% of White students owe 12% less.
• New Yorkers alone owe over $89.5 billion of the total student loan debt. 
• 58% of Black student borrowers do not believe student loans have advanced racial equality.

In addition to the current impact of student loans, this crisis has created a lasting impact on the growth of Black and Brown graduates. From forgoing buying houses, and starting families, to reports of working more, and being unable to maintain savings accounts — students across the country are struggling to pay into a deeply broken economic system. 

The White House has the full authority and obligation to bring widespread financial relief to millions of Americans — and we need to continue putting pressure on those with the power to make a change.

We must continue fighting for the relief we not only need, but deserve — and that starts with having dedicated leaders in Congress who won't compromise on our values. Chip in today to help us continue our fight to cancel student loan debt once and for all.

Peace and love,

Jamaal Bowman 

 

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