President-elect Joe Biden called on Congress to immediately forgive $10,000 of student loan debt for all Americans, following through on a major campaign promise.
“Immediate $10,000 forgiveness of student loans,” Biden said. “They’re having to make choices between paying their student loan and paying the rent…It should be done immediately.”
Senate Minority Leader Chuck Schumer (D-NY) and Sen. Elizabeth Warren (D-MA) have argued the President-elect could circumnavigate Congress through the Higher Education Act, which allows the president to cancel student loan debt with an executive order.
Student loan debt is exacerbating the crisis America is facing.
Today, @SenWarren and I are introducing a Senate resolution with a bold plan for how the next president can and should immediately #CancelStudentDebt.https://t.co/vb02CfMNmy
— Chuck Schumer (@SenSchumer) September 17, 2020
Teachers work their hearts out, especially during this pandemic – but they’re underpaid, underfunded, and often crushed by student loans. I agree with @NEAToday: executive action to #CancelStudentDebt would lift a huge burden off teachers’ shoulders. https://t.co/MWnphhNlL4
— Elizabeth Warren (@SenWarren) December 1, 2020
