When Hispanic Caucus members mentioned student loans, the president said he's asked aides to explore his options — a signal to lawmakers that he may be willing to go farther than he pledged during the campaign.
"As far as the president going out and talking about student loan cancellation with different groups, I do think that's a very good sign," said Cody Hounanian, executive director of the Student Debt Crisis Center."I think the president is starting to recognize that student debt cancellation is very popular.
"What this argument all boils down to is, does Biden — or any president, for that matter, under the law — will he be violating federal statute by doing broad student loan forgiveness other than what he's been doing under existing programs?" said Betsy Mayotte, of The Institute of Student Loan Advisors.
"Ultimately, it would be overturned through this approach," said student loan expert Mark Kantrowitz on canceling student loan debt through executive action. He argued the best path to forgive debt would be through the regulatory process, which he said is a slower process, but"much more likely to survive legal challenges."
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Biden Is Considering 'Significant' Student Loan Debt Cancellation, Say LawmakersThe president indicated to Congressional Hispanic Caucus members that he is looking at options for executive action to forgive some federal student loans. Good job 👍👏 President Biden! Passes All Bills especially the Built Back Better Bills to protect and Saved All Lives Now and forever in Jesus Christ name 🙏😇🙏🙌😇🙌💯 AMEN America! God make it happens never existed before Amen America! Joe Biden lost the Hispanic vote for Democrats. Some?
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