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Elizabeth Warren wants Biden to follow Trump and Obama in canceling student debt

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Elizabeth Warren wants President Biden to follow in former President Donald Trump’s footsteps by canceling student loan debt.

The Massachusetts senator called on her constituents to “send a note to President Biden” to erase $ 50,000 per borrower at a virtual town hall on Tuesday.

“It’s one of those things that doesn’t have to go through Congress. The authority already exists in law for the president and his team, the administration, the education secretary, to write off student loan debt, ”Warren said. “President Obama used it to write off student loan debt, President Trump used it to write off student loan debt. I want to see President Biden use it. “

Biden rejected calls to write off up to $ 50,000 in federal student loan debt at a CNN town hall on Tuesday, saying, “I’m ready to write off $ 10,000 debt, but not 50. It also rejected the idea that the federal government would write off debt for students who attended elite schools like “Harvard and Yale and Penn”.

Warren and Senate Majority Leader Chuck Schumer hit back Wednesday, saying “a sea of ​​student loan debt is holding back 43 million borrowers and disproportionately burdening black and brown Americans” and pressuring Biden to that he exercises executive power.

“If he forgave $ 50,000 in student loan debt, it would make a huge difference in the lives of tens of millions of Americans and help build our entire nation a stronger future going forward,” Warren said during of its public assembly. “If we could persuade the president, we could do this one quickly.”

U.S. Representative Ayanna Pressley has also joined progressives pushing Biden to write off more student loan debt than he feels comfortable with.

“President Biden has the power to write off billions in student loan debt, providing much needed relief to individuals and families across the country,” Pressley said in a statement on LeftNet. “Canceling student loan debt is not only a matter of economic and racial justice, but also a critical step in reviving our economy.

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