PENNSYLVANIA, March 22 - PRINTER'S NO. 480

THE GENERAL ASSEMBLY OF PENNSYLVANIA

SENATE RESOLUTION

No.

48

Session of

2021

INTRODUCED BY MUTH, L. WILLIAMS, CAPPELLETTI, SAVAL, KANE,

KEARNEY, COSTA AND STREET, MARCH 22, 2021

REFERRED TO EDUCATION, MARCH 22, 2021

A RESOLUTION

Urging Congress to enact broad, comprehensive student loan debt

forgiveness.

WHEREAS, Student loan debt in the United States totals $1.68

trillion and grows more than six times faster than the nation's

economy; and

WHEREAS, The 42.3 million Americans with Federal student loan

debt owe an average of $36,520 each; and

WHEREAS, Crippling student loan debt and uncertain job

opportunities preclude college graduates from home ownership,

starting businesses and pursuing careers of their choosing; and

WHEREAS, Student loan debt, like many other manifestations of

inequality, disproportionately harms communities of color and

creates insurmountable systemic barriers that make it impossible

to catch up, let alone to get ahead in life; and

WHEREAS, Student loan debt forgiveness could narrow the

racial wealth gap for young families and be a major relief for

African-American borrowers who are disproportionately affected

by the burden of student loan debt; and

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