Targeted Student Loan Cancellation Has Been Biden's Focus -- Here's Why

Contributing sentiments towards policy:

54% : Opponents also say that student loan cancellation will stimulate the economy because student loan borrowers who get student loan forgiveness will spend their money elsewhere in the economy.
53% : Of course, the amount of student loan cancellation is dependent on several factors, including how much student loan debt, how many student loan borrowers, and other limiting factors like income and loan type, for example.
53% : Last month, the Education Department held hearings on student loan cancellation and student loan forgiveness, including ways to improve these programs to help more student loan borrowers get student loan relief.
51% : Against the backdrop of student loan cancellation, however, Biden is managing an economic recovery from the Covid-19 pandemic.
51% : While the Education Department is reviewing legal options for student loan cancellation, it's been nearly four months since that process started.
51% : There is also a major focus within the Biden administration to ensure that the existing student loan forgiveness programs work efficiently and help get student loan cancellation to the student loan borrowers who qualify.
49% : In some cases, these student loan borrowers got full student loan cancellation, and in other cases they got partial student loan cancellation.
49% : They cite Section 432A in the Higher Education Act of 1965 as proof that the U.S. Department of Education can cancel student loans because the Higher Education grants the Education Department authority "to modify, compromise, waive, or release any right, title, claim, lien, or demand, however acquired, including any equity or any right of redemption."
49% : There also have been concerns about who benefits from student loan cancellation.
49% : New research says that student loan cancellation could benefit the wealthy more than low income student loan borrowers.
49% : The question is what student loan cancellation will look like in the future.
45% : Student loan cancellation doesn't come cheap.
44% : Unlike wide-scale student loan cancellation -- which cancels student loans for a large cross-section of student loan borrowers based on loan type or income, for example -- targeted student loan cancellation is tied to a particular economic or legal wrong, or seeks to address another specific, societal wrong.
43% : Since becoming president in January, Biden has cancelled $3 billion in student loans.
42% : This has been President Joe Biden's approach to student loan cancellation.
36% : There's no question that cancelling student loans based on total and permanent disability or the borrower defense to repayment rule are clearly-defined rules available to the Biden administration to cancel student loans debt.
36% : However, the statute doesn't explicitly state that the president or U.S. Department of Education can unilaterally cancel every student loan borrower's student loans without further congressional authorization.
31% : Biden has been focused on targeted student loan cancellation, which means that Biden has cancelled student loans for certain constituent groups that have a specific and indentifiable reason to get student loan cancellation.
29% : When Biden cancelled his first $3 billion of student loans, he can clearly explain why student loans were cancelled in each specific case.
29% : The question is how student loan cancellation fits in that larger puzzle, and if so, how much money to allot to student loan cancellation as Biden helps American recover economically.
29% : Is Biden finished with student loan cancellation?
25% : Even if Biden proceeded to cancel hundreds of billions of dollars of student loans, legal challenges are likely.
12% : For example, Senate Majority Leader Chuck Schumer (D-NY) and Sen. Elizabeth Warren (D-MA) have argued that the Higher of Education Act of 1965 provides Biden with unilateral authority to cancel student loans through an executive order.

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