WASHINGTON — The Japanese American Citizens League issued the following statement on Aug. 24.
=*=
Earlier today, President Biden announced his much-awaited student debt cancellation plan. This plan includes $10,000 in individual debt relief for non-Pell Grant recipients and $20,000 for Pell Grant recipients if the individual makes under $125,000 a year. Families can receive the same debt relief if they make under $250,000 a year.
It was also announced that student loan repayments would be paused a final time, through Dec. 31, 2022. As well as anyone with undergraduate loans could cap their repayment plan to 5% of their monthly income.
We have known for years that student debt has negatively impacted borrowers of color, making it harder for them to make ends meet, let alone try to take out further loans to buy homes or start businesses. All of which deprive them of further economic opportunities. As such, today’s announcement is a welcomed step but leaves much to be desired.
As the price of schooling has increased over the last few decades alone, it’s left borrowers with increasingly larger loans and causing them to spend longer to repay them. While $10,000 is no small sum, it, unfortunately, may not make as big an impact as the administration had hoped.
We also need to look at the process by which students can apply and file for their debt cancellation. It must be a simple and easy process that puts less strain on borrowers. We look forward to more information in the coming days but hope that some changes can still be made to benefit more students and more borrowers who desperately need relief.
JACL Executive Director David Inoue issued the following statement: “This is a great first step, but leaves many of those who most need the assistance, including many first-generation immigrant students, without benefit. The skyrocketing cost of higher education means many students are saddled with debt that far exceeds the assistance provided by today’s announcement. It is a very welcome relief for anyone with student loans, but not nearly enough.”
Previous：Judges’ Night
Terminal Islanders to Celebrate 2019, Year of the Boar
What it’s like to be Pornhub's social media manager
China plans to ban Bitcoin mining, report claims
Chris Hemsworth has been casually vandalising his fellow Avengers' movie posters
Heart Mountain Wyoming Foundation Board Meets in L.A.
Chris Hemsworth has been casually vandalising his fellow Avengers' movie posters
Why is everyone obsessed with this Taylor Swift stan account's prison story?
The 'Car Alarm Challenge' is here to shatter everyone's eardrums
Bringing Mental Health Out of the Dark: Part 3
Woman narrowly dodges axe headed straight for her head
CAPAC Leaders Applaud NBC for Supporting Diversity
People are baffled after someone said eating cereal with water is better than milk
Chrissy Teigen to House Democrats: Women should say 'f*ck you' more often
A tiny computer dreams of becoming a cowboy in this adorable animation
New Year 'Harmony'
Mom faceswaps her kid with Thomas the Tank Engine, and it's incredibly cursed
Oprah and Prince Harry are making a mental health documentary series for Apple
New 'Brexit Party' forgets to register its domain name, website gets claimed by pro
‘Japanese American Health’ Talk at GVJCI
French officials respond to Trump's suggestion for putting out the Notre
All marriage proposals should feature sloths from now onU.S. intelligence says foreign hackers are spying on presidential candidatesMabel the pug is New York City's greatest fashionistaCute capybara gives birth to even cuter capybara pupsSupreme Court avoids major ruling in birth control disputeObama gets in a few digs at Trump in commencement speech at RutgersUnlucky woman's GPS led her straight into a lakeMark Zuckerberg and Selena Gomez meet in tiny room to talk businessThis bus will turn your commute into a hellish spinning studio classUber agrees to limit surge pricing in Delhi Gazan Workers in Limbo Fire and Wolf Share a Fondness for Male Beauty PC Games That Weren't Cancelled, But Should Have Been The Fear is Gone: My PC is my Next Be True to Your Bar Cincinnati vs. Colorado football livestreams: kickoff time, streaming deals, and more Best kids tablet deal: Save $80 on the Fire HD 10 Kids Pro NYT Strands hints, answers for October 26 NASA finds 4 of Uranus' moons likely have deep oceans You Really Like Me!
0.1421s , 9856.0078125 kb
Copyright © 2025 Powered by 【??? ?? ??】JACL Response to Biden's Student Debt Cancellation,Global Perspective Monitoring
