CONGRESSMAN GONZALEZ INTRODUCES BILL TO FORGIVE $25,000 IN STUDENT LOAN DEBT 

Washington, D.C. – Today, Congressman Vicente Gonzalez (TX-15) introduced H.R. 6708, the Student Loan Relief Bill, that would allow the Secretary of Education to forgive up to $25,000 in federal student loans for borrowers.

The Student Loan Relief Bill would provide an estimated $775.5 billion in debt relief for over 45.4 million Americans and forgive nearly half of student debt held by individuals.

"We know education can change a person's means and access to wealth," stated Congressman Gonzalez. "Pursuing higher education should not require students and families to jeopardize their financial stability or futures. I am proud to introduce this legislation and take this major step to prevent this crushing debt from stifling the American Dream."

Americans currently owe over $1.6 trillion in student loans which is twice the amount in 2008. Over 70% of students are taking out loans to accommodate the skyrocketing cost of higher education. Student loan debt is limiting Americans' ability to own a home, save for retirement or care for family.

Congressman Gonzalez held debt as a law school graduate and understands the difficulties students experience when taking out and paying off student loans. He will continue to pursue solutions and fight for working class students and families.

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