President Biden Renews Pledge to Sign Student Debt Cancellation Bill

President Biden Renews Pledge to Sign Student Debt Cancellation Bill

January 31, 2022
By:  Freedom to Prosper

During a White House Press Briefing last week, Press Secretary Jen Psaki touted the administration’s progress on student debt relief for borrowers, and renewed President Biden’s pledge to sign a student debt cancellation bill. 

“No one has been required to pay a single dime in federal student loans since the president took office over a year ago, and I’ll also add that our country is seeing one of the strongest economic recoveries in history, and the pause announced in December gives some breathing room for several more months to borrowers who are still coping with the pandemic.”

She continued, “The president supports Congress sending him a bill that would provide $10,000 in debt relief, and he continues to look into what debt relief can be taken administratively.”

Democratic lawmakers are getting restless as they await a memo from the Department of Education outlining the legalities of Executive Action and student debt cancellation. In the meantime, we must continue to support the calls for legislative action through Congress and encourage our representatives to sponsor a bill to cancel student debt!

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