Biden asks Education Secretary if he can write off student loan debt
President Biden asked Education Secretary Miguel Cardona to consider whether Biden had the legal authority to cancel student loan debt, Revealed White House Chief of Staff Ron Klain.
The revelation came during an interview Klain gave on Thursday at Politico, in which he said the Commander-in-Chief has yet to make a final appeal on the matter, which he faces tremendous pressure from the progressive left.
“He asked his secretary of education – who has just been working for a few weeks – once he took office, to ask his department to prepare a note on the legal authority of the president, and I hope we see that in the next few weeks, ”Klain said on release.
“He’ll look at that legal authority, he’ll look at the policy issues around it, and then he’ll make a decision. He hasn’t made a decision about it anyway. In fact, he has yet to receive the grades he needs to start focusing on this decision, ”he continued.
When then-candidate Biden won the Democratic nomination in March of last year, the presidential hopeful didn’t believe a chief executive had the power to write off any federal debt without Congress.
Facing pressure from the progressive wing of the party as the general election race intensified, Biden ultimately chose to support the cancellation of $ 10,000 in student debt, a compromise to the $ 50,000 pushed by the leader. majority in the Senate Chuck Schumer (D-NY) and Senator Elizabeth. Warren (D-Mass.).
In February, the president asked the Justice Department to review its legal authority to cancel $ 10,000 in student loans. It is not known with what conclusion it returned to him.
It is also unclear what Cardona found in his review of presidential power conducted by the Education Ministry.
Asked at Tuesday’s press conference about the difference between Senate Democrats’ $ 50,000 proposal and Biden’s $ 10,000 cancellation effort, White House press secretary Jen Psaki explained that the president was certainly willing to support the cancellation of $ 50,000 in debt – but not without Congress.
“The president continues to call on Congress to write off $ 10,000 in debt for student borrowers. This is something that Congress could take action on, and he would be happy to sign on, ”Psaki said.
The press secretary added that the administration is still “taking a closer look” at its “student loan options.”
“This includes looking at the powers we have, the existing loan forgiveness programs that are clearly not working as well as they should. This includes the borrower’s defense, total and permanent disability costs. There are a lot of steps that we are looking at, and we will continue to look at them and stay in touch, of course, with Leader Schumer about our process, ”she continued.