Tell President Biden and his administration to cancel all student debt

President Biden announced a program that provides undergraduate and graduate students with up to $10,000 in debt relief for national and community service. Senator Sanders says this isn’t enough and urges the president to cancel all $1.8 trillion in student debt, including private and federal student loans. How? Sanders would enact a speculation tax that would raise $2.4 trillion over ten years.

• The cost of higher education in America has been rising steadily for decades; in 2021, students at public universities paid an average of $9,580 in tuition and fees, while students at private colleges paid an average of $33,150.
• Americans owe more in student loans than any other type of debt except mortgages.
• In addition, federal funding for state schools has declined by more than 20 percent since the 2008 recession.
• Student loan debt is a considerable drag on the economy. Increasing education costs prevent students from making major life decisions, such as getting married, buying a home, or starting a family.
• American public universities are less accessible than they should be — while saddling recent graduates with debt, they have little hope of repaying on time. According to the Education Data Initiative, student loan default…