Urges President Biden to cancel up to $50,000 per eligible borrower in federal student loan debts.

This New Jersey Assembly Resolution (AR 101) urges President Biden to use executive authority to cancel up to $50,000 in federal student loan debt per eligible borrower. It directly addresses the 43 million Americans holding approximately $1.6 trillion in federal student loans, with particular focus on borrowers disproportionately impacted by debt burdens (including women, minorities, and low-income households). The resolution cites Section 432(a) of the Higher Education Act as the legal basis for administrative debt cancellation, referencing prior pandemic-era relief under this authority. As a non-binding resolution, it does not create new law but formally requests the President take action.