.” Schumer has become a key leader in a long-running campaign to convince President Biden to cancel student loan debt using executive action.
On Wednesday, the White House expressly left open the possibility of executive action-based student loan forgiveness. White House press Secretary Jen Psakithat Biden"has not ruled out" using executive action to cancel substantial amounts of student loan debt. Psaki’s comments echo those of White House Chief of Staff Ronald Klain last month. “The President is going to look at what we should do on student debt before the [payment] pause expires,” said White House Chief of Staff Ronald Klain in an interview with Pod Save America earlier in March. “Whether or not there is some executive action [on] student debt forgiveness when the payments resume is a decision we’re going to take before the payments resume.
Last year, Biden directed officials at the Education and Justice Departments to draft a memo analyzing potential legal authorities that could allow broad student loan forgiveness. While officials initially suggested that memo would be prepared within a matter of weeks, its contents have not been made public 12 months later.
I don’t know how difficult this is. Forgive all student loan debt. It helps economy. It frees up money for other things. Etc. AND I’m someone who worked duri my school, paid off student loans, etc. But economically it makes too much sense.
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