The following is a statement by Brian McLain, chair of the Iowa Democratic Party’s Progressive Caucus, on behalf of the state caucus leadership:
Too long the student loan industry has been a chain around the neck of the working class and so predatory it would make payday lender’s blush. On August 24, President Joe Biden released his long awaited plan to offer relief to borrowers suffering under the burden and weight of oppressive student debt. We applaud the president on making this unprecedented policy a reality.
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