50 thousand per person: students in New York can write off tuition debts

All many students in New York dream of is paying off their tuition debt. New York State Senator knows how to ease their debt burden and hopes President-elect Joe Biden will support his endeavor. The edition writes about it Daily News.

On December 7, students and officials gathered to call on President-elect Joe Biden to cancel nearly $ 90 billion in student loan debt across New York State.

“The role of college should not be to burden you with huge debts,” said Spencer Payton, 22, a student at Stony Brook University on Long Island. “I have two jobs and I still can't pay for my tuition.”

The student said he is preparing for a degree in higher education management.

“My goals are set and I know what I want to do, regardless of the debt,” Peyton said. “I took out loans from my first year of college. Writing off the debt would help me a lot. "

New York State Senator Chuck Schumer knows how to ease student debt. He said that for this "the new administration does not need a team of elves." According to him, all that is needed is for the president-elect to sign the corresponding decree.

“We came to the conclusion that President Biden could cancel this debt on his first day in office,” Schumer told reporters. - This does not require the participation of the Congress. All it takes is one hand movement. "

Schumer is pushing a plan to cancel part of the $ 50 debt burdening more than 2,4 million New Yorkers. The total amount of this debt is $ 89,5 billion.

Biden could use executive powers under the Higher Education Act to write off student loan debt, the senator said.

Schumer said that such debt baggage burdens an economy hit by the coronavirus pandemic, leaving many New Yorkers unemployed and displaced from their livelihoods.

Fiona Miles, 22, said debt relief would help her immensely and that she is counting on it.

"I have about $ 21 in tuition debt," said Miles, who is pursuing a master's degree in business from Stony Brook University. “I’d be lying if I said I don’t worry about how I’ll pay in the future.”

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Daryl Holman, 28, said he shared Miles's feelings. Holman graduated from Eastern Michigan University. His student loans amount to about $ 97.

“I work several jobs,” Holman said. "Debt really burdens life."

Congressman Mondaire Jones (DN.Y.) said that without the loan, his parents would not have been able to send him to Stanford University, where he advocated a diversity of faculty and graduate students, as well as a living wage for canteen and maintenance workers. ...

“I know first hand what it means to be saddled with student debt,” Jones said. "And there are countless stories like mine."

Recall that in the event of a victory in the election, Biden promised the students to write off their student loan debts. The president-elect has spoken out in support of a $ 10 per capita debt relief plan at a time when the average workload per graduate is just under $ 30. By some estimates, the plan will write off about $ 400 billion from the country's staggering $ 1,6 trillion in education debt.

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Also Biden He claimedthat if he comes to power, students will be able to attend community colleges for up to two years without paying tuition. The costs will be covered by the federal-state partnership.