CONGRESSMAN GONZALEZ INTRODUCES BILL TO FORGIVE $25,000 IN STUDENT LOAN DEBT

[George II]

February 14, 2022 Press Release

Washington, D.C.

Washington, D.C. – Today, Congressman Vicente Gonzalez (TX-15) introduced H.R. 6708, the Student Loan Relief Bill, that would allow the Secretary of Education to forgive up to $25,000 in federal student loans for borrowers.

The Student Loan Relief Bill would provide an estimated $775.5 billion in debt relief for over 45.4 million Americans and forgive nearly half of student debt held by individuals.

“We know education can change a person’s means and access to wealth,” stated Congressman Gonzalez. “Pursuing higher education should not require students and families to jeopardize their financial stability or futures. I am proud to introduce this legislation and take this major step to prevent this crushing debt from stifling the American Dream.”

Americans currently owe over $1.6 trillion in student loans which is twice the amount in 2008. Over 70% of students are taking out loans to accommodate the skyrocketing cost of higher education. Student loan debt is limiting Americans' ability to own a home, save for retirement or care for family.

Congressman Gonzalez held debt as a law school graduate and understands the difficulties students experience when taking out and paying off student loans. He will continue to pursue solutions and fight for working class students and families.

https://gonzalez.house.gov/media/press-releases/congressman-gonzalez-introduces-bill-forgive-25000-student-loan-debt-0

Congressman Gonzalez actually introduced this bill on Friday, February 11.

https://www.congress.gov/bill/117th-congress/house-bill/6708?q=%7B%22search%22%3A%5B%22Gonzalez%22%2C%22Gonzalez%22%5D%7D&s=3&r=1

He recognizes the need for legislation to forgive most of the outstanding student debt, not "the stroke of a pen."

No cosponsors as of yet.

[Thomas Hurt]

1. You can hear the christofascists screeching already.

[jimfields33]

2. I don't mind this at all. How about doing something about the cost of going to college as well

Perhaps put tuition control on all colleges especially Ivy’s which are ridiculous in price. Government needs to get involved in tuition rates ASAP!

[George II]

4. Ivy League colleges/universities are private institutions. However, 18 states have already.....

.....eliminated tuition for state colleges. Several other states have that in the works.

[Bettie]

5. Just funding public universities

would make a difference in tuition cost.

That's the big difference between pre-Reagan and now universities don't get the funding they once did.

[George II]

7. See #4 above - 18 states do offer free tuition to state schools (some with sensible conditions)....

....and others are working on it.

[Polybius]

19. I hear some of our own screaming

n/t

[Budi]

3. Well finally! Gonzalez used the powers granted him by his election to the House

...and wrote the bill for the Dept of ED to proceed.

Talkers talk, Dems do the work.

Watch who shifts from blaming Biden, to quickly taking credit when Rep Gonzales succeeds.

Watch who co-sponsors it.

[Demsrule86]

17. And the bill has little if any chance of passing the Senate...I don't see the point.

[Budi]

21. Why blame Biden then? I don't see the point to that either.

At least Gonzales did the proper work to get a bill that would go before the Dept of Ed.

So cosponsor his bill & put as much effort into getting it passed as spouting on media that this is somehow Biden's quick sig on an ExOrder to just fix.
Because that is false

They should know that.

[Demsrule86]

22. I do not blame Biden. I don't see that he can dimish or end student debt by executive order.

We need more Democrats,

[Celerity]

6. Great idea/bill, but I highly doubt it'll make it to Biden's desk. Hell, it might not pass the House

Thanks for posting anyway.

[Cha]

8. I missed this.. TY!

And, Rep Vincente Gonzalas!

[betsuni]

9. K&R

[Nixie]

10. No cosponsors??

That is commendable that he spends his time writing legislation rather than brand building,

[George II]

11. But I saw three tweets today requesting Biden do it on his own.

[Nixie]

12. Wow. Those Tweets will surely get it done!

U betcha. No context is needed for these Tweets but blame Biden.

Some were really worried about factual Tweets from another Twitter account yesterday, but not today, it seems.

[Cha]

13. No kidding.. sounds like

Rep Vincente Gonzalas wants it done.

[SYFROYH]

14. Thats $15k more than Joe said he would do.

I wonder if Joe will Veto?

[George II]

15. Did you forget this?

He has said at times that given enabling legislation (not an exact quote) he would cancel more. He also said that he'd go up to $50K for some IF he had legislation that allowed him to do so.

No, he won't veto Gonzalez' bill. The good thing about Gonzalez is he's not talking about it, he's not tweeting about it, he's DOING it.

Now where are all the cosponsors?

[Demsrule86]

18. I would imagine that many see this as a damned if you do and damned if you don't sort of

situation...those who want debt relief will be pissed when it doesn't happen and it most likely won't happen. I can't imagine any GOP voting for this. And those who don't want it to happen...maybe they paid off their loans or just don't believe debt should be forgiven...I am not sure all of them are right-winger either, will be pissed that an attempt was made to cancel student debt. If we had a fighting chance to pass this bill, I would think it a great idea...but I just don't see how it can happen with 50-50 senate.

[PatSeg]

16. K&R for exposure

[MineralMan]

20. And President Biden Would Sign It as Soon as It Passed in Congress

Does anyone doubt that? If you do, maybe you haven't been paying attention.