You are reading

Schumer Calls on Attendees at Queens CB2 Meeting to Lobby Biden for Student Loan Forgiveness

U.S. Senator Chuck Schumer joined Community Board 2 for its monthly meeting on a Zoom call Thursday evening (Screen Shot: Queens Post)

Jan. 12, 2021 By Christian Murray

U.S. Senator Chuck Schumer is calling on residents to lobby President-elect Joe Biden for student loan forgiveness.

Schumer, who spoke to Community Board 2 members via Zoom Thursday, said that he and Senator Elizabeth Warren have proposed that the first $50,000 of student loan debt be forgiven by the federal government.

“The good news is Joe Biden can do this with the flip of the pen and it does not need legislation,” Schumer said. “This is huge. So many younger people have a huge burden of student debt and it particularly affects us here in New York.”

Schumer said that Biden is able to forgive the debt via an executive order. He said this could be done on the first day Biden is in office and would be a huge boost to young people.

“They could use the money to buy a house, start a family and get the job they need and want,” Schumer said during the meeting.

Schumer’s spokesperson said that he wants people to advocate for $50,000 in debt forgiveness via twitter.

Biden made a campaign pledge to sign legislation canceling up to $10,000 in student loan debt for borrowers who make up to $125,000 a year.

Last week’s Democratic takeover of the Senate means Biden is in a better position to deliver on that promise.

email the author: news@queenspost.com

One Comment

Click for Comments 
Larry Penner

Senator Charles Schumer wanting Uncle Sam to forgive the first $50,000 in outstanding college loans sounds great. Who doesn’t want free stuff from Washington? But what about the millions of American parents who saved and sacrificed to put their children through college. What about the students who worked at part time jobs to attend college? Millions benefited from being able to attend college on student loans. This has given them access to the middle class. Sadly, too many students then stuck Uncle Sam with the bill. Despite being successfully employed for years at well-paying jobs, there are several hundred thousand former students with ample income who refuse to pay off their student loans. Taxpayers are left with billions of dollars in uncollected debts. Now Schumer wants Washington to just write off hundreds of billions in outstanding student loan debt. Many larger private colleges have endowment funds ranging from millions to billions. Why don’t they contribute to reducing their own graduating students debt instead of taxpayers? Collecting some of these outstanding debts from those who can easily afford to is only fair. Given that we are now burdened with over $27 trillion in long-term debt, equal attention must be paid to this scandal as well. Why not start by denying federal and state tax refunds to those deadbeats who look for a free ride at our expense? When will the White House and Congress speak up on this issue as well and introduce appropriate legislation to assist in collecting these outstanding debts? Time will tell

Larry Penner.

19
Reply

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

Finding Room to Grow: NYC Apartment Buildings Designed with Families in Mind

Jul. 29, 2025 By Tara Lustberg

Finding family-friendly housing in NYC can be a challenge, especially with the average rent of a two-bedroom apartment in NYC averaging over $5,400 per month, according to apartments.com. According to reports, this is significantly higher (148%) than the national average and has increased by 7% since December 2023. But some properties offer thoughtful amenities for families, making city living seem more manageable.

Borough President recommends approval of One LIC Neighborhood Plan with conditions

Queens Borough President Donovan Richards announced on Monday a long list of recommendations to approve the city’s One LIC Neighborhood Plan with conditions.

The sweeping proposal entered the city’s Uniform Land Use Review Procedure (ULURP) in April, following certification by the City Planning Commission, and aims to transform a large portion of Long Island City with new zoning rules that would create nearly 14,700 housing units—including 4,300 affordable homes—alongside 14,400 jobs, over 3.5 million square feet of commercial and industrial space and expanded access to the East River waterfront.

Cool off this summer with margaritas in Queens

Jul. 25, 2025 By Paulina Albarracin

The summer season ushers in outdoor adventures, extended daylight hours and sweltering heat, making it the perfect time to kick back at a local restaurant or bar and order a refreshing margarita. Sipping on this tequila-infused cocktail is one of the best ways to beat the heat and revel with margarita connoisseurs in your neighborhood.