Every year, Chuck commits to traveling to all62 counties in New York to meet with constituents.
On November 24, 2020 standing at Nassau Community College with students and local officials, U.S. Senator Charles Schumer pushed a plan, to cancel up to $50,000 in debt—with no tax liability–for federal student loan borrowers. Schumer explained why this matters so much to borrowers on Long Island and how he plans to get it done, as he cited data, including that the average Long Islander holds more than $35,000 in student loan debt.
Schumer explained how President Biden, once sworn into office, can use existing executive authority under the Higher Education Act to substantially cancel student loan debt for students on Long Island and across New York. Schumer said that immediate student debt relief through executive authority would provide a robust injection of COVID-19 relief to individuals struggling through the economic recession. Democrats in Congress prioritized student debt relief in the HEROES Act legislation that has been blocked by Senate Republicans for months, highlighting the need for new executive action.