Tonight, President Biden addressed the nation in the State of the Union Address in which he discussed many crucial issues facing the country and the world, including Russia's attack on Ukraine and rebuilding our economy. We stand with Ukraine in its defense of democracy and we are eager to work here at home to ensure the recovery reaches Americans who need it most.
Yet, we remained hopeful that President Biden would acknowledge the $1.7 trillion student debt crisis that affects over 45 million Americans — we are disappointed that he failed to do so. As a candidate, President Biden promised to cancel student debt, and the State of the Union, which covers a range of issues, was the perfect time for him to share his plan to get it done.
“The cost of education, and the enormous debt looming over American families, remains one of the most challenging economic issues of our time,” said Natalia Abrams, president of the Student Debt Crisis Center. “With economic uncertainty growing every day, the President has the unique ability to free families from financial distress immediately by canceling student debt by executive action and we call on him to do so immediately.”
The Student Debt Crisis Center (SDCC) has been working extensively with allies and our over 2 million supporters to end student debt. With the support of Senate Majority Leader Schumer, Senator Warren, and a large majority of Americans, the movement is growing. We urge President Biden to join us and use his legal authority to cancel student debt.