Schumer And Warren Ask Biden To Cancel Student Loans, But This Is The Real Takeaway on Student Loan Cancellation

Contributing sentiments towards policy:

61% : Regardless of what transpires, make sure you have a clear strategy for student loan repayment.
57% : Here are some popular options for student loans that can help you save money:
56% : Beginning October 1, 2021, federal student loan payments are slated to resume, which means student loan borrowers should expect to make student loan payments in two months.
55% : Warren also said that student loan servicers aren't prepared for student loan borrowers to make student loan payments again.
55% : In aggregate, the U.S. Department of Education estimates that student loan borrowers will have received more than $90 billion of student loan relief as a result.
53% : Schumer provided an update on student loan cancellation, particularly regarding conversations with The White House:
50% : However, the biggest takeaways on student loan cancellation cafeconomme directly from Schumer and Warren during the Q&A.
48% : Interestingly, Schumer and Warren now say that student loan cancellation and the temporary student loan forbearance derive from the "same power."
47% : Senators Chuck Schumer and Elizabeth Warren renewed their call yesterday for President Joe Biden to cancel $50,000 of student loans, but this was the biggest takeaway on student loans.
47% : Yesterday's event wasn't much different than previous press conferences on student loan cancellation, except now Schumer and Warren are connecting the expiring student loan payment moratorium with wide-scale student loan cancellation.
44% : Here's what you may have missed on student loan cancellation:
44% : This may sound obvious, but it's not a given that Schumer and Warren are still speaking regularly with The White House on student loan cancellation.
43% : It's also not legally settled whether the president can act unilaterally to enact student loan cancellation without further congressional authorization.
42% : Yesterday, the two senators, with Rep. Ayanna Pressley (D-MA), held another press conference to advocate for student loan cancellation.
42% : Warren and Sen. Bob Menendez (D-NJ) proposed legislation, which became law through the Americans Rescue Plan, to make student loan cancellation tax-free for student loan bororwers through December 31, 2025.
41% : Schumer says that the very same reasons to extend the moratorium are the same reasons to cancel student loan debt.
40% : There's no guarantee that Biden will extend the pause on student loan payments or enact wide-scale student loan cancellation.
39% : And that same power is his to cancel student loan debt."
38% : "And we're asking that the payment pause be extended, but more critically, we are asking that he go ahead and cancel student loan debt," Warren said.
37% : Specifically, Schumer says that The White House no longer makes some of the arguments against student loan cancellation that they used to make.
22% : The press conference was no different than the many other events on student loan cancellation: the need to cancel student loans, why it's needed, and how Biden can cancel student loans with a "flick of a pen."

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