Executive Action to Cancel Student Debt ‘Still on the Table’

via Wikimedia Commons

Press Secretary Jen Psaki made the comments on “Pod Save America” after being asked about past comments by White House chief of staff Ron Klain.

Psaki gave a timeline, saying between now and the end of August, the ongoing debt payment pause is “either going to be extended or we’re going to make a decision, as Ron referenced, about canceling student debt.”

The suspension of federal student loan payments has been extended six times since its implementation at the start of the pandemic.

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“Nobody’s had to pay a dollar, a cent, anything in student loans since Joe Biden has been president,” she said. “And if that can help people ease the burden of costs in other parts of their lives, that’s an important thing to consider. That’s a big part of the consideration.”

During his campaign, Biden pledged to cancel federal student loan debt of at least $10,000 per borrower. Some high-ranking Democrats have gone further, calling for up to $50,000 of debt to be cancelled if not discharging the debt altogether.

Senate Majority Leader Chuck Schumer (D-NY) signaled progress last week on the issue.

“I have talked personally to the president on this issue a whole bunch of times. I have told him that this is more important than just about anything else that he can do on his own,” he said.

“We’re making progress folks. We are making progress. The White House seems more open to it than ever before.”

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William Petite
William Petite
3 months ago

“We are making progress folks” Just a few more moves and we can destroy the country, yea! We have already thrown open the boarders, killed the economy, and not far from destroying the energy industry, and only a few more steps, and we will completely divide the country between the races’, yea! Look at what we have done, and we will not stop, until we get every last penny you have. Yes, March Forward Marxis. We understand you can’t wait to be slaves of the govt., you wonderful people.

Grace
Grace
3 months ago
Reply to  William Petite

Is there anything else this blundering idiot can do to screw up the Republic? Find me ten people who will admit to voting for him and the list gets smaller. Impeach him? The whole crew next in order is as bad or worse than he is. Has the whole Democratic Socialist party gone mad!

Robert W
3 months ago
Reply to  William Petite

He sure is trying like hell to make us the “Second Venezuela”, but only if we let him, remember to vote “REPUBLICAN” in November!!!!!!

Milton
Milton
3 months ago

How many “lawsuits” will be filed by those that already paid off their school loans in the past — LOTS of them and rightly so. Are colleges and universities going to give back the money they received from the student loans so the government can re-coop some of the costs? Just more debt being added to the already large amount the government owes.

sharon smith
3 months ago

How disgusting unfair to use our (taxpayer’s) money to buy votes by forgiving student debt. How about the millions over the years that have
had to struggle to pay their own way through college.
Biden is a vacant suit stumbling hither, dither and yon – having no clue
what the hell he’s blubbering about and an embarrassment to all sane
people.
A N D…….
Got to get him out before we end up in WW111 – the braindead fool…
(along c/cackling Kamala!)

Stevon
3 months ago

Student Debt will not be canceled, just Transferred to the Shoulders of the Taxpayers once again!

MD Anthony
MD Anthony
3 months ago

November….how will America last until November?

Jawad
Jawad
3 months ago

Students, quick! Go and sign up for those basket-weaving courses before it’s too late! Gender studies and pronoun legislation, anyone?

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