Consumer Groups Applaud Effort to Cancel $50,000 in Student Loan Debt

Even as President Joe Biden has suggested cancelling at least $10,000 in student loan debt per person as part of a COVID-related relief package, some Democrats are calling for a much larger measure.

Amid an announcement today that a group of Democratic lawmakers in the House and Senate, including Senator Elizabeth Warren and Rep. Ayanna Pressley, have a plan for cancelling up to $50,000 in student loan debt, consumer groups from around the country announced support for the larger measure.