For generations, we’ve told young Americans that a good education is the ticket to the middle class. But for more and more Americans, that dream has been pushed out of reach because of the sky-high cost of a college education. Chuck Schumer is committed to increasing access quality education starting with our youngest children, and ending the college affordability crisis so a college degree doesn’t leave students in debt for decades.
Canceling Student Debt
More than 40 million Americans have student loan debt. It is a terrible burden that holds people back from going to college, buying a home or starting a business for the first time. Student debt also disproportionately impacts people of color. On average, black college graduates owe a staggering $25,000 more in student loan debt than white graduates.
Chuck Schumer is working with Sen. Elizabeth Warren and progressives in the House of Representative to pressure President Biden to cancel up to $50,000 of student debt per person. President Biden has the authority to cancel student debt through an executive order, and doing so would be one of the most effective ways to close the racial wealth gap, provide immediate financial relief to millions of Americans, and help build long-term economic opportunity.
In addition to leading the fight to cancel student debt, Schumer has long pushed to make college more affordable and help families keep up with the ever-increasing cost of a college education. He helped extend the Perkins loan program and created tax credits for students, and believes we need to keep building on past initiatives to make college more affordable.
Early Childhood Education and Care
Studies show that the earlier children have access to a quality education, the more successful they’ll be when they’re older. That’s why Chuck Schumer has championed funding for early childhood education through programs like Head Start, which provides support early education, social, emotional and nutritional health, social services and services for children with disabilities.
Chuck also expanded the child tax credit as part of the American Rescue Plan, which provides families with up to $3,600 per child. This will cut the child poverty rate in half and boost families’ incomes, which has been proven to have positive impacts on children’s future educational attainment.