Friday, April 2, 2021

Biden requesting information on legal authority to cancel student debt

Has requested information from Education Secretary regarding his legal authority to cancel student loan debt as progressives pressure him to take executive action on the issue.

White House chief of staff said in an interview with Politico that Biden will examine a memo from Cardona and that he has not yet made a decision on whether he could take unilateral action to scrap some debt.

White House press secretary also said in February that Biden would ask the Justice Department to "Conduct a legal review of authority to act by executive action."

Biden has come under pressure from liberal lawmakers and activists to take executive action to cancel up to $50,000 in student debt per borrower.

The president has set his sights lower, saying he might target $10,000 in debt.

Advocates of canceling student debt by executive action say that Biden has the authority to do so under the Higher Education Act of 1965, which allowed the secretary of Education to back student loans.

More than 40 million Americans are believed to have student debt.
 

https://thehill.com/homenews/administration/546065-biden-requesting-information-on-legal-authority-to-cancel-student 

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