One platform most Democratic Party members ran on, and one many Republicans agree with is the need to take a serious look at student debt.
Both parties have mentioned interest in canceling or forgiving student debt in some form, be it through expanded ‘work towards forgiveness’ programs, or cancellation of a certain portion of debt after years in specific fields of work.
President Joe Biden was adamant on the campaign trail – particularly when speaking to Bernie followers – that the ever increasing student debt issues needed to be tackled. He even intimated at times that cancellation wasn’t off the table.
NEW – Jen Psaki says President Joe Biden still supports cancelling $10,000 in student loan debt for each individual. No word if this would include private loans and if there would be an income cut-off.
— Nick Ciletti (@NickCiletti) February 4, 2021
Fox News reported, “Advocates and progressive lawmakers have been pushing Biden to enact sweeping student loan forgiveness through executive authority. But he has expressed reluctance about that, saying last month, ‘I think that’s pretty questionable. I’m unsure of that. I’d be unlikely to do that.'”
“Schumer, D-N.Y., Warren, D-Mass., and Pressley, D-Mass., on Thursday reintroduced a resolution, which would allow the secretary of education to ‘cancel up to $50,000 in federal student debt.'”
I was proud to be with @ChuckSchumer, @AyannaPressley, and others today to lay out a bold plan for how Joe Biden can use executive authority to deliver meaningful relief to struggling Americans by canceling up to $50,000 in student loan debt. We can get this done and we must.
— Elizabeth Warren (@ewarren) February 4, 2021
