Pelosi says student loan forgiveness 'has to be an act of Congress,' contradicting Schumer

Contributing sentiments towards policy:

50% : The basic argument for the president to being able to forgive student debt through executive action, as detailed by the Legal Services Center of Harvard Law School in a letter to Sen. Warren, is that the Education Secretary has the power "to cancel existing student loan debt under a distinct statutory authority -- the authority to modify existing loans found in 20 U.S.C. § 1082(a)(4)."
49% : In March 2020, White House Chief of Staff Ron Klain told Politico that President Biden had asked Education Secretary Miguel Cardona to compile a memo on whether the president has the legal authority to forgive $50,000 in student loan debt through executive order.
48% : The president can cancel $50,000 in student loan debt."
34% : One of Biden's campaign promises involved cancelling $10,000 in federally-backed student loan debt for all borrowers, but the president has been skeptical about enacting broad-based cancellation of up to $50,000 in student loan debt via executive action (as opposed to legislation passed by Congress).
28% : "Suppose ... your child just decided they, at this time, [do] not want to go to college, but you're paying taxes to forgive somebody else's obligations -- you may not be happy about that," Pelosi said.

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