Bennet Statement on President Biden's Student Loan Relief Plan

Press Release

Today, Colorado U.S. Senator Michael Bennet released the following statement on President Joe Biden's student loan plan:

"Time and again, Coloradans have told me how student loans have made their lives miserable. They've devastated their credit scores, made it harder to purchase homes, start a business, or pay for childcare -- and this crisis is only growing.

"That's why in June, I urged President Biden to target relief to those who need it most, provide additional relief to Pell grant recipients, and enact long-term reforms to this broken system.

"In my view, the administration should have further targeted the relief, and proposed a way to pay for this plan. While immediate relief to families is important, one-time debt cancellation does not solve the underlying problem. So I'm pleased to see reforms to income-driven repayment plans and the Public Service Loan Forgiveness program.

"Moving forward, we need to reform the system that got us here in the first place with solutions to bring down the absurd cost of college. We cannot continue to trap another generation of Americans in this cruel cycle. And we need to continue our work to build career pathways to economic security for every American, including those who choose not to pursue a two or four-year degree."

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