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Statement from Rafael Collazo, Executive Director of the UnidosUS Action Fund, on President Biden’s Action on Student Debt Cancellation

Rafael Collazo

August 24, 2022

WASHINGTON, D.C. — “We applaud President Biden for extending the federal student loan pause through December 31, 2022, and for taking action to cancel $10,000 of student loan debt for those who make less than $125,000 a year. Today’s action is a positive step toward easing the financial burden felt by millions of borrowers, especially for Latinos where 1 in every 3 will see their student debt completely forgiven with today’s announcement. We agree with the President and Secretary Cardona, that the cost of borrowing for college should not be a lifelong obstacle to finishing college, buying a home, starting a business, or saving for retirement.”

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