West PDX Today

WASHINGTON, DC -  Congresswoman Suzanne Bonamici (OR-01) released the following statement on the Supreme Court decision on President Biden’s Student Loan Forgiveness Plan.

“The Supreme Court’s decision to strike down President Biden’s student loan forgiveness plan is deeply disappointing for the more than 490,000 Oregonians who would have received forgiveness, most of whom were low-income students. Loan forgiveness, which was part of pandemic relief, would have put more than 40 million people across the country on a path to financial stability while boosting the economy. The facts speak for themselves: the benefits of President Biden’s student debt forgiveness would have largely been felt by low-income borrowers, borrowers making less than $75,000 per year, and borrowers who fell behind on their payments and needed some support to get back on track. The economic security and peace of mind of these borrowers is now even more uncertain. I will continue working to reduce the cost of college and make student loan repayment more manageable, and I strongly urge the Biden Administration and my colleagues in Congress to explore all options to provide hard-working Oregonians and Americans relief from the crushing burden of student loan debt.”

Original source can be found here.