Here’s what the federal government is doing for student borrowers
While prominent Democrats have called on President Biden to use executive authority to cancel student loan debt, the White House indicated that the president is waiting on Congress to take action. ( iStock )
It may be up to Congress to help President Joe Biden enact student loan forgiveness legislation following comments made by press secretary Jen Psaki at a Dec. 14 press conference.
When asked by reporters about student debt cancellation, Psaki indicated that Biden is waiting on lawmakers to author a bill on debt forgiveness, adding that his presidential authority to cancel student loans is “under review.”
Her comments came amid repeated calls from prominent lawmakers who have urged the president to cancel federal student debt through an executive order.
“If Congress sends him a bill, he’s happy to sign it.