for Warren and Schumer found that borrowers will lose out on $85 billion annually once loan payments resume.
“[T]he enduring weight of student loan debt has negated opportunities for many borrowers to truly transform their lives and our country,” the lawmakers wrote. “More than 80 percent of borrowers with student loan debt report that it holds them back from being able to afford a home. Without this debt, many would be in a better position to begin saving for homeownership as well as retirement and starting a business.
“Publicly releasing the memo outlining your existing authority on cancelling student debt and broadly doing so is crucial to making a meaningful difference in the lives of current students, borrowers, and their families,” the lawmakers wrote.
Wow, that's a super minority.
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