Council adopts file urging cancellation of student debt
During yesterday’s meeting of the Common Council (Tuesday, July 27), the Council moved adoption of file #210405 – a resolution urging the federal government to cancel federal student debt, and directing the Department of Administration – Intergovernmental Relations Division to lobby for this policy. The file was introduced by Common Council President Cavalier Johnson and co-sponsored by Alderman Ashanti Hamilton, Alderman Russell W. Stamper, II and Alderwoman Chantia Lewis.
The total owed by student loan borrowers amounts to over $1.7 trillion with the average student loan payment being $393 a month, almost 20% of the typical American’s monthly household income. Borrowers with outstanding education debt typically hold between $20,000 and $24,999. Black students, on average, owe $7,400 more than their white peers. Milwaukee now joins fellow cities such as Boston, Washington D.C., Philadelphia, and others that have urged the federal government to cancel student debt.
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Kruschke, who has worked in city government since 2007, has served as interim Commissioner for the past several months.