Statement on the Supreme Court’s Decision to Strike Down Debt ReliefJune 30, 2023
For Immediate Release: June 30, 2023
SAN FRANCISCO–Today, Golden State Opportunity President Amy Everitt released the following statement after the Supreme Court struck down the Biden administration’s proposed plan to forgive student loans for millions of borrowers due to the coronavirus pandemic:
“Today is another terrible day for everyday Americans pursuing financial stability through higher education. This debt relief would have been life-changing for many of the 43 million borrowers who qualified. But because of a political and out-of-touch Court, cancellation is now out of reach. Just one day after the Supreme Court struck down affirmative action in college admissions, they have decided to hit the pocketbooks of struggling people.”
“Student loan debt keeps families from buying homes, growing families, and building generational wealth. Higher education costs have skyrocketed and government funding for students has not kept pace. This decision holds back our country’s potential. It is unconscionable to tell our students that they will have to bear their educational debt burden alone.
“But even in our disappointment, there is hope because President Biden and Congressional leaders have vowed to pursue actions to provide relief. We can’t and won’t stop fighting until education and equal opportunity can be realized for everyone. We call on Congress to use their powers to do what’s right.”