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Biden says there should be 'immediate' congressional action on student loan forgiveness
President-elect Joe Biden said there should be “immediate” congressional action on student loans, after Democrats suggested he should sign an executive order to forgive student debt.
Politics
President-elect Joe Biden said there should be “immediate” congressional action on student loans, after Democrats suggested he should sign an executive order to forgive student debt.
A Biden official told Fox News that the president-elect is calling for “immediate” action to forgive $10,000 of student loan debt for borrowers—but that the action should take place in Congress.
“Immediate $10,000 forgiveness of student loans, helping people up there in real trouble,” Biden said Monday. “They’re having to make choices between paying their student loan and paying the rent. Those kinds of decisions.”
Biden added: “It should be done immediately.”
The official clarified that what Biden was referring to was congressional action.
The comments came after Senate Minority Leader Chuck Schumer, D-N.Y., urged Biden to bypass Congress and cancel billions of dollars in student loan debt through executive action.
Schumer said Biden should enact a plan that the Senate minority leader laid out earlier this year alongside Sen. Elizabeth Warren, D-Mass., under which the president could use executive authority to immediately cancel up to $50,000 of student debt per borrower. Biden has called for forgiving $10,000 in student loan debt as part of a broader coronavirus relief package.