Congresswoman Gwen Moore Statement on President Biden’s Student Debt Relief Plan
Washington,
August 24, 2022
Congresswoman Gwen Moore Statement on President Biden’s Student Debt Relief Plan Congresswoman Moore released the following statement: “Today, an estimated 30 percent of job openings require a 2-year or 4-year degree. The reality is that for most, the pathway to the American Dream means pursuing a higher education or training as tuitions soar, requiring increasingly absurd amounts of debt to be competitive in the job market. Not taking this step to unlock greater potential in the workforce would be to be stuck on stupid waiting on dumb to come. We need to reform our current educational model that has created this affordability and debt trap for students, where colleges tuitions rise and rise and students, as a result, are forced to take on increasing debt loads from federally subsidized financial firms. I am pleased that President Biden announced a plan to address student debt for borrowers, which will reach those most in need of relief and make loan repayment for others less burdensome. Thanks to this loan forgiveness, many people saddled with heavy debt burdens will now be able to purchase homes, buy cars, and take other steps to fully participate in our economy. For me, college affordability is personal. I entered college at Marquette as a poor, single teenager mother. As a TRIO alum and co-chair of the TRIO Caucus, I am fully committed to making higher education more affordable and accessible. That’s why I support increasing funding for Pell Grant aid to better meet the needs of students and will continue championing vital TRIO programs to support vulnerable students,” said Congresswoman Moore. “Considering the significant unmet financial need for UW-Milwaukee students, today’s announcement is of particular value for many of our alumni. This is an important step for our region enabling graduates to flourish, removing debt and providing access to homeownership and other life changing financial investments that stimulate our local and statewide economies,” said University of Wisconsin – Milwaukee Chancellor Mark Mone. Read more on President Biden’s student debt relief plan here.
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