May 18, 2020

House Democrats Are Blowing Their Chance at Student Debt Relief

House Democrats Are Blowing Their Chance at Student Debt Relief


Holistic student debt relief was supposed to be part of House Democrats’ 1,800-page Heroes Act, the follow-up to the Coronavirus Aid, Relief, and Economic Security, or Cares, Act that passed the chamber on Friday. As originally constructed, the legislation would have canceled $10,000 for every person with student loan debt—private or federal—and suspended all payments through September 30, 2021. While a step down from the Student Debt Emergency Relief Act introduced by Representatives Ilhan Omar and Ayanna Pressley in March—which called for $30,000 in debt relief for all borrowers—the provision in the Heroes Act, as initially written, was still praiseworthy. Its universality was its strength.





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