Senator Murray on President Biden Taking Action to Forgive Student Debt for Tens of Millions of Americans More: “Another Transformative Step”

Press Release

“This is another transformative step from the President to deliver much-needed relief to tens of millions of student borrowers across our country.

No one should ever be stuck paying more on accrued interest than they borrowed in the first place, and the President’s plan would wipe out unpaid interest for tens of millions of borrowers. It will deliver forgiveness to borrowers who have been paying off their loans for decades and extend more relief to more people.

The President’s new plans build on a host of steps I have pushed for that have now delivered nearly $2.5 billion in debt relief to tens of thousands of borrowers in Washington state alone.

After the conservative majority on the Supreme Court blocked historic debt forgiveness—and as Republican elected officials continue working to deny millions of Americans life-changing relief—President Biden and Democrats in Congress are going to keep using every tool at our disposal to take stress off borrowers’ shoulders, tackle the student debt crisis, and ensure everyone can afford a higher education.”

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