ERN DC Statement on Student Loan Forgiveness Legislation

Press Releases

August 25, 2022

CONTACT:  Joshua Hodge,

President Biden Makes Historic Investments in Student Loan Forgiveness

Washington, D.C. (August 25, 2022) — Yesterday, President Joe Biden proposed historic investments in higher education as he is now set to cancel up to $10,000 in student debt for most public loan borrowers and up to $20,000 for Pell Grant recipients.

“We want to thank President Joe Biden and his staff for prioritizing higher education affordability. As we look to recover from the effects of the pandemic and continue to build as a nation, this investment in higher education will help alleviate the great debt many former and current students are facing,” said Director Jessica Giles. 

“D.C. borrowers owe an average of $55,500, which is the highest in the country. Elected officials must hold colleges and universities accountable for providing high-quality, accessible, and affordable education to all students, including but not limited to ending the harmful legacy preference in the college admissions process and expanding dual enrollment opportunities for all students.”