Statement from SUNY Board of Trustees and Interim Chancellor Stanley on President Biden’s Student Debt Executive Order

August 24, 2022

“The SUNY community applauds President Biden for the cancellation of significant federal student debt – debt which has disproportionately undermined people from disadvantaged backgrounds. As a result of the President’s action, hundreds of thousands of New Yorkers will feel immediate relief and have the opportunity to pursue completion of their degree and good-paying jobs that help them climb the economic ladder.

SUNY’s foundation is centered on the belief that every individual deserves a high quality and affordable education. Few states have done more to deliver that than New York. We continue to build upon on this legacy thanks to Governor Kathy Hochul and legislators who recently enacted historic expansion to the state’s Tuition Assistance Program. Together, the actions taken this year by the President, Governor, and Congress mark some of the strongest investments ever made on behalf of students and workers.”

About the State University of New York
The State University of New York is the largest comprehensive system of higher education in the United States, and more than 95 percent of all New Yorkers live within 30 miles of any one of SUNY's 64 colleges and universities. Across the system, SUNY has four academic health centers, five hospitals, four medical schools, two dental schools, a law school, the state’s only college of optometry, and manages one US Department of Energy National Laboratory. In total, SUNY serves about 1.3 million students amongst its entire portfolio of credit- and non-credit bearing courses and programs, continuing education, and community outreach programs. SUNY oversees nearly a quarter of academic research in New York. Research expenditures system-wide are nearly $1.1 billion in fiscal year 2021, including significant contributions from students and faculty. There are more than three million SUNY alumni worldwide, and one in three New Yorkers with a college degree is a SUNY alum. To learn more about how SUNY creates opportunity, visit suny.edu.


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