LOS ANGELES – Los Angeles Mayor Karen Bass today joined United States President Joe Biden as he announced that the Biden-Harris Administration will automatically discharge $1.2 billion in loans for nearly 153,000 borrowers who are eligible. This action comes as 7.5 million borrowers are now enrolled in President Biden’s Saving on a Valuable Education (SAVE) Plan, 4.3 million of whom have a $0 monthly payment. Read more information provided by the White House here. Watch the press conference here.
Prior to the event in Culver City, the Mayor hosted President Biden at CJ’s Cafe in Baldwin Hills. Photos are available here. B-Roll videos are available here.
The following are Mayor Bass’ remarks as delivered:
“Good afternoon, everyone. It is my pleasure to be here this afternoon. I want to thank Mayor McMorrin of Culver City. I want to acknowledge my colleagues Senator Padilla, Congresswoman Sydney Kamlager-Dove, Chair of the Board of Supervisors Lindsey Horvath and Supervisor Holly Mitchell. I want to thank the Mayor again for having us in the amazing city of Culver City.
What the President is here to do today is a part of his ongoing commitment to future generations.
Skyrocketing student loan debt doesn’t just prohibit young people from getting the education they need and deserve, student loan debt prevents young people from buying a car. Student loan debt prevents our young people from buying a house and starting a family.
Addressing student loan debt should be thought of as a jobs initiative. This should be thought of as a housing initiative. This should be thought of as an economic motivator for young people throughout the country.
Student loan debt cripples our workforce – especially when it comes to addressing homelessness. We need more social workers, more mental health specialists, and more service providers. By tackling student loan debt, young people will be able to pursue these professions that save lives – that is what addressing this issue means.
And frankly, canceling debt for millions will be life changing in and of itself.
So again, thank you Mr. President, for bringing us all together today to highlight the amazing work that you’ve done to protect and to propel younger generations into success.
And now, I’m excited to introduce Dr. Jessica Saint Paul, a fellow Physician Assistant and public health practitioner who has dedicated her career to supporting underserved communities. She has made meaningful contributions to our region, working as an Adjunct Professor for the Los Angeles Community College District and developing and implementing Wellness Centers for students throughout our L.A. Unified School District.
It is also, of course, my distinct honor to introduce the 46th President of the United States, Joe Biden who has been a champion for working families and continues to lead with strength, reestablishing our Country’s position in the world.
President Biden is rebuilding our crumbling infrastructure and has delivered historic investments to combat climate change. Los Angeles has truly known no greater partner than the President and his administration. Mr. President, our City and our region is grateful for the work you have done – and will continue to do. On behalf of the 4 million Angelenos, we say thank you. Welcome, Dr. Saint Paul and President Joe Biden.”
President Biden also thanked Mayor Bass in his remarks:
“Mayor Bass, thank you for your partnership and, more importantly to me, your friendship.”