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

This Senate Resolution (SR 47) urges President Biden to use existing authority under the Higher Education Act 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 debt, with the resolution citing the disproportionate burden on women, minorities, and low-income households. The resolution requests executive action to provide immediate financial relief and stimulate economic activity, though it does not create new law or mandate debt cancellation. As a non-binding resolution, it serves only as a formal request to the President.