Attorney General Frosh calls for federal student loan debt cancellation
BALTIMORE, MD – Maryland Attorney General Brian E. Frosh today joined a multi-state coalition calling for the passage of United States House and Senate resolutions calling for the overturn of up to $ 50,000 in federal student debt owed by every federal student borrower nationwide.
In their letter in Congress, attorneys general point to the immediate relief needed for borrowers struggling with unmanageable student loan debt, which has only been exacerbated by the COVID-19 pandemic and the current financial crisis. The resolutions, Senate Resolution 46 and House Resolution 100, call on President Biden to exercise his power to write off up to $ 50,000 in federal student loan debt per borrower.
“The terrible mismanagement of federal student loan programs has left student borrowers in huge debt, often after being persuaded to take out loans for educational programs that offered no real hope of meaningful employment,” said Attorney General Frosh.