OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Student Loan Debt Crisis

Floor Speech

Date: July 22, 2020
Location: Washington, DC
Issues: Finance and Banking Education

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Ms. DEAN. Madam Speaker, our student loan debt crisis predates the pandemic. We encourage high school students to attend college, to claim their education, yet too many graduates are shackled with a mountain of debt that limits their future, impedes their financial freedom, and diminishes their purchasing power. The pandemic has only worsened this problem.

During this pandemic, we owe it to a generation of debt-laden young people, veterans, and transitioning adults to take bold action, to pass meaningful debt forgiveness. Freeing up the ability to claim an education without crushing debt will be a relief to so many Americans and our economy.

An educated public should enrich us all, not create unsustainable debt. So I call upon this body to pass bold and meaningful debt forgiveness for millions of bright young people so that their futures are determined not by the debt they incurred but by the knowledge they gained.

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