Pelosi: Biden Doesn't Have Power to Forgive Student Loans

Contributing sentiments towards policy:

53% : On Tuesday, Schumer, Sen. Elizabeth Warren (D-Mass.), and Rep. Ayanna Pressley (D-Mass.) called on the president to extend a pause on student loan payments and move on forgiving debts.
47% : The President can remove this sword, and can remove this pain, by canceling $50,000 or more in student loan debt," said Warren, who has long championed loan forgiveness, in her own remarks Tuesday.
46% : Biden in April ordered the administration to carry out a legal review of the legal framework around student loan cancellation but hasn't yet announced a report.
41% : During his 2020 campaign, Biden had called for forgiving $10,000 in student debt for borrowers, even going so far as to say that "[he] will eliminate your student debt" during a town hall meeting last year.
39% : Some moderates have said that canceling student loan debt would be unfair to those who have already paid their debt off.
38% : Schumer and other progressive Democrats have argued that Biden can forgive student loans using the same legal provision that former President Donald Trump used to delay payments on loans and interest starting in March 2020 amid the COVID-19 pandemic.
38% : In March, the Department of Education, in scrapping a Trump administration policy, canceled $1 billion in student loan debt for approximately 72,000 borrowers.
34% : About three weeks ago, the Biden administration canceled about $55 million in student loan debt for around 1,800 people who attended three colleges that later were found to have defrauded them, according to the Department of Education.
29% : But during a weekly press conference, Pelosi said Biden can only pause or delay student loan payments and cannot unilaterally cancel them.

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