NAACP Condemns Passage of House Resolution Seeking to Decimate Student Loan Forgiveness
FOR IMMEDIATE RELEASE
December 7, 2023
Contact: Alicia Mercedes, amercedes@naacpnet.org
WASHINGTON - Earlier today, in a 210-189 vote, the United States House of Representatives passed H.J Resolution 88. The resolution, which now moves to the Senate for a full vote, includes a provision that seeks to eliminate the Biden Administration's SAVE Student Loan Forgiveness program. In response to this breaking news, Wisdom O. Cole, NAACP Director of Youth & College, released the following statement:
"The passage of today's resolution is a sobering reminder that many members of Congress stand against Black America as we embark on a journey towards financial freedom. In the absence of broad-based relief, the SAVE program serves as a crucial tool in advancing the economic liberation that we seek. Any attempt to undermine progress on student debt cancellation is a direct attack on Black Americans of all ages. Let's make one thing clear - if you are a candidate seeking the vote of a young Black American in 2024, voting in favor of this resolution sends a clear message that you are against Black progress and all aspiring Americans. Elections are around the corner, and we're watching. It's time that every hardworking America is freed from the shackles of student debt."
The NAACP has been at the forefront of the movement to cancel student debt. Most recently, the Association has been engaged in a partnership with the Department of Education, Civic Nation, and a number of leading advocacy organizations to educate Black Americans on the income-driven repayment options available to them. As a result of the Biden Administration's forgiveness programs, more than 3 million Americans have been provided with $132 billion of student loan relief to date.
Click here to learn more about the NAACP's efforts to make student debt cancellation a reality.
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About NAACP
The NAACP advocates, agitates, and litigates for the civil rights due to Black America. Our legacy is built on the foundation of grassroots activism by the biggest civil rights pioneers of the 20th century and is sustained by 21st century activists. From classrooms and courtrooms to city halls and Congress, our network of members across the country works to secure the social and political power that will end race-based discrimination. That work is rooted in racial equity, civic engagement, and supportive policies and institutions for all marginalized people. We are committed to a world without racism where Black people enjoy equitable opportunities in thriving communities.
NOTE: The Legal Defense Fund – also referred to as the NAACP-LDF - was founded in 1940 as a part of the NAACP, but now operates as a completely separate entity.