Did you know that LGBTQ+ individuals carry more student debt than the average individual, and that those individuals have a higher percentage of regretting taking on the debt to receive their education? As reported in 2018 by the Advocate, research by Student Loan Hero demonstrated that LGBTQ+ Americans, on average, carry over $16,000 more in student debt than the average borrower. It also showed that 60% of the population regret taking on their debt (compared to the national average of 45%).
With that in mind, NEAT was honored to join Americans for Financial Reform and over 100 other organizations in a call on Congress to address student loan debt relief in the next legislation package in response to the COVID-19 pandemic. The joint statement in part, states that:
We further urge you to provide student debt cancellation at a level that meets the scale of the problem. We applaud the 31 Members of Congress, led by Reps. Ayanna Pressley, Ilhan Omar, and Alma Adams, who have pushed for at least $30,000 in student debt cancellation and the 15 Members of Congress who have cosponsored Rep. Omar’s legislation for full student debt cancellation This is a time to be bold. Sixty-three percent of Americans support permanently reducing student loan debt by at least $20,000. In the context of this pandemic, more student debt cancellation means more economic stimulus.
Cancellation of student debt will assist the entire country with economic stimulus at a time when it is direly needed. It would also help level the financial playing field for the LGBTQ+ community in the United States.
With that in mind, NEAT was honored to join Americans for Financial Reform and over 100 other organizations in a call on Congress to address student loan debt relief in the next legislation package in response to the COVID-19 pandemic. The joint statement in part, states that:
We further urge you to provide student debt cancellation at a level that meets the scale of the problem. We applaud the 31 Members of Congress, led by Reps. Ayanna Pressley, Ilhan Omar, and Alma Adams, who have pushed for at least $30,000 in student debt cancellation and the 15 Members of Congress who have cosponsored Rep. Omar’s legislation for full student debt cancellation This is a time to be bold. Sixty-three percent of Americans support permanently reducing student loan debt by at least $20,000. In the context of this pandemic, more student debt cancellation means more economic stimulus.
Cancellation of student debt will assist the entire country with economic stimulus at a time when it is direly needed. It would also help level the financial playing field for the LGBTQ+ community in the United States.
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