Womenz Magazine

Joe Biden Promised to Cancel Student Loan Debt. What Happened?

Biden's $1.9T Relief Package
Biden's $1.9T Relief Package

Last month, the Senate subcommittee revealed important decisions that 36 million out of the 43 million federal student loan borrowers, or 84%, would have all of their debt canceled if the president cut $50,000 in loans per borrower.

Biden addressed the Democrats and Republicans and asked for approval for the funds for infrastructure and several family-related policies. Since then, the president, first lady Jill Biden, Vice President Kamala Harris, and other key players in the infrastructure and jobs fight have been traveling across the country in efforts to sell the administration’s big-spending plans, said national interest.

But a promise of Biden is still not addressed whether the administration will forgive student loans for federal borrowers.

The president calls for free community college and invests more than $300 billion in expenditures toward higher education. Biden has also previously asked Education Secretary Miguel Cardona to put together a memo on the president’s “legal authority” to cancel up to $50,000 in federal student loan debt through executive order, which wouldn’t require Congress’ approval, but the administration has reportedly not completed its review of the president’s legal authorities.

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