Higher education expert proposes new way for Biden to cancel student debt without Congress

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Higher education expert proposes a new way for Biden to cancel student debt without Congress

"Basically it's like the power that a prosecutor has to determine whether to bring charges against somebody," Herrine said. "The prosecutor might think that a person has committed a crime but decide not to bring a case against them for whatever reason." Similarly, the government could decide not to enforce people's debt obligations.found that nearly 66% of likely voters are in support of Biden canceling some or all of student debt.

The reprieve has impacted more than 25 million Americans and has been extended five times throughout the public health crisis. It's currently slated to end May 2. However, White House chief of staff Ron Klain said earlier this month that the Biden administration wanted to make its decision around debt cancellation before it turned the payments back on.

"The president is going to look at what we should do on student debt before the pause expires, or he'll extend the pause," Klain

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What a kick in the face when someone makes a decision on investing in their future but then the rules change. Why are the Dems willing to take my investment and let it evaporate into nothing?

😂😂😂😂😂

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in LOANS

Loans Loans Latest News, Loans Loans Headlines