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Young Democrats of America release statement on President Biden’s announcement for student debt cancellation

The Young Democrats commend the Biden Administration on their effort to forgive $10,000 of debt for those making under $125,000 a year and $20,000 for pell grant recipients making under $125,000. This is a much needed step in the right direction down a very long path to rectifying years of debtors taking advantage of millions of those seeking higher degrees. We would have hoped, still hope, and know that the administration can expand upon this so that no one owes money for pursuing a post secondary education.

From public universities raising tuition costs astronomically ahead of inflation to student loan corporations putting terms in front of young adults with minimal financial literacy, this is a system that has not worked for the betterment of our society, nor one that exists anywhere in the world. In virtually every other country, no one has the same amount of individuals who face the size of debt like Americans do for services like education or basic necessities like health care.

Right now, 42.4 million people (roughly 12% of the population) have outstanding student loans in the United States. The majority of those who owe money are millennials and Gen Z, who owe an average of $38,000 and will no doubt be owing this money for the rest of their lives due to interest rates. Forgiving $10,000 of that will be a start but is by no means the end.

President Biden and Vice President Harris ran on forgiving all undergraduate tuition-related federal student debt from public colleges, universities, private HBCUs, and MSIs for those earning up to $125,000 and the Young Democrats of America join organizations like the National Association of the Advancement of Colored People in continuing to be committed to pushing to make sure that those campaign promises are realized. We will work so that the majority, if not all, of student debt is canceled in the future, as well as making a 4 year college education affordable for everyone who wants it. Public higher education should be a service that is given to Americans at an affordable cost to everyone, as higher rates of higher education benefit society greatly.

In terms of the political and electoral ramifications, we also raise that total student debt cancellation is still a very popular issue. During the Midterm Elections when the Democratic Party is looking for ways to inspire hope amongst young voters, expanding on this in a non-means tested way will ultimately be an easy win for the party.

We issue the same call as we always have on this matter: Cancel Student Debt. All of it.

This article was released by the Young Democrats of America.

10 Comments

  1. Ms. Henderson,
    Your comment is exactly why the United States is in the dismal shape that it is in. Never Trumpers like you own all the sh-t that is happening in our country.

    1. Diane,

      Thank you for reading Orange County Breeze, and for taking the time to respond to my response to the other person commenting on this article.

      I do not believe that I merit the label “Never Trumper” but whatever.

      Former President Trump owns his defeat for re-election. I did not vote for him originally, but I might have voted for him in 2020 if his actions and speech did anything to recommend him. About the only actions I supported were the Supreme Court nominations, for which I am grateful.

      The Republican Party is now a cult of personality centered on former President Trump. He is not the country’s savior and he should not run for re-election in 2024.

      Again, thank you for reading Orange County Breeze.

      Shelley Henderson
      editor, Orange County Breeze

  2. I didn’t go to college, but I paid for my daughter to go, using my 401k money and now you want me to pay for your college too? Get me 10k back on what I already put out towards my daughters education and we’ll talk about it. But may answer is still going to be no. I bet they make you claim that 10K as added income. There are no free lunches in Biden’s America, just crack and graft.

  3. Guess what, talk to a millennial and ask them about their student loans. They are all grateful, but won’t walk around boasting about what they just received. They won’t be voting for Republicans this fall. Somebody’s two friends, fictitious or real, always vote for Republicans, that is what someone told me.

  4. Thanks to Joe Biden’s stupidity day after day with erasing student loans being the latest, two friends (both registered NPP) are going to vote Republican up and down the ticket in November. One friend worked a part-time job to pay off his student loan and now feels betrayed by what Biden has done. The other friend took a second on his house so his daughter could go to college.

  5. ATTN: YOUNG DEMOCRATS
    YOU are all so selfish! YOU took out loans that YOU promised to pay back. Why should the American public pay YOUR loans? Would you like to pay OUR loans?

    This issue has brought FISCALLY RESPONSIBLE Democrats and Republicans together on the unfairness of what Biden is trying to do. Based on our rule of law (cough-cough), Biden can only defer payment, but he cannot cancel any of the debt. Only Congress can do that.

    How unfair to those who repaid their college loans, parents who took second mortgages for their children to attend college, those who decided to attend trade school, etc. Democrats among them will vote Republican in November!

    Joe “dementia” Biden is a joke!

    1. The Republican whiners over the loan forgiveness, contained a few House members that received PPP loans, around $100,000+ and they were forgiven. So maybe they will pay those back to the federal government to show they have principles. Ha Ha, they won’t pay back a cent.

      1. Kelly,

        Thank you for reading Orange County Breeze, and for taking the time to comment on this article.

        I thought about your equating forgiveness of PPP business loans with forgiveness of student loans. Both are loans guaranteed by the federal government. Why should PPP loans be favored over student loans?

        Why shouldn’t students get a break?

        Then it hit me: the PPP loans together with conditions for forgiveness of the loans were devised by Congress, according to the rules for the Legislative Branch of the federal government as laid out in the Constitution, then signed into law by the President.

        The student loans were devised by Congress but the forgiveness of the student loans were declared extra-Constitutionally by the President.

        Forgiving federally-guaranteed student loans should be done through an act of Congress, signed by the President — not through an executive order of the President. That’s illegal.

        Any Congress Member who took advantage of PPP loan forgiveness was following the law as crafted by Congress. Any student who takes advantage of the student-loan forgiveness illegally decreed by President Biden may be relieved that they don’t have to repay the loan but must understand that they are gaining that relief through illegal means.

        Again, thank you for reading Orange County Breeze.

        Shelley Henderson
        editor, Orange County Breeze

        1. Way to show how biased you are Shelley. Trump did a lot of things by executive order, did you criticize him for that or are you just a GOP shill?

          1. MG,

            Thank you for reading Orange County Breeze, and for taking the time to respond to my comment.

            In answer to you question, yes I did criticize (now former) President Trump when he was the sitting president. And, no, I am not a GOP shill. For the record, I am not a registered Republican. I am registered as NPP because so much of what the Republican Party has come to represent goes against my own beliefs. I have repeatedly stated that I did not vote for Trump. If by some hideous cosmic joke, former President Trump becomes the 2024 nominee of the Republican Party, I will again not vote for Trump.

            That does not imply that I will vote for the Democratic nominee.

            Again, thank you for reading Orange County Breeze, and for commenting.

            Shelley Henderson
            editor, Orange County Breeze

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