UnidosUS Hails New Program that Transforms Student Loan Repayment Options
New plan widens opportunities to higher education.
Washington, DC— Mauricio Garcia, Senior Vice President of Programs for UnidosUS—the nation’s largest Latino civil rights and advocacy organization—issued the below statement following today’s unveiling by the Department of Education of the Saving on a Valuable Education (SAVE) Plan:
“The Department of Education’s Saving on a Valuable Education (SAVE) Plan is another step toward meaningful debt relief for millions of student borrowers in our country. Mountains of student debt are obstructing the economic potential of Latinos pursuing higher education and keeping many graduates from being able to buy a house, start a family, or build generational wealth. This plan will further enable Hispanic students to contribute more fully to our country’s shared prosperity while building their own economic resilience. We commend the Biden administration for their commitment to increasing accessibility to higher education and paving the way for Latinos to widen their place in America.”
This week, UnidosUS joined a nationwide coalition that includes Civic Nation, the National Association for the Advancement of Colored People (NAACP), the National Urban League (NUL), Rise, the Student Debt Crisis Center, and Young Invincibles to engage borrowers with information about the actions they can take to obtain student debt relief under this program. As part of these efforts, UnidosUS will mobilize our national network of Affiliates, allies, and supporters via targeted communications to ensure the Latino community is aware of the SAVE plan and other student loan resources.