'We see universal debt cancellation as a powerful first step in the process of reinvestment in quality public education.'
"Universal debt cancellation would be the first serious step toward the goal of College for All that we have seen in our lifetime."More than 1,000 professors from colleges and universities across the country—including prominent institutions such as Columbia, Yale, and Berkeley—released a
Tuesday endorsing calls for President Joe Biden to use his executive power to cancel all outstanding federal student loan debt."Through executive action, President Biden has the complete legal authority to eliminate student loan debt on his own—without Congress—and it is a step supported by a majority of Americans," the faculty members write.
"Universal debt cancellation," the letter adds,"would be the first serious step toward the goal of College for All that we have seen in our lifetime." The professors' demand comes as the federal government's student debt repayment and interest moratorium—which has saved borrowers
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