No, Biden Can’t Cancel Student Loans

No, Biden Can’t Cancel Student Loans

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The Speaker of the House has spoken: President Joe Biden doesn’t have the facility to cancel student loans.

Here’s what that you must know.

Student Loans

Speaker of the House Nancy Pelosi (D-CA) confirmed right this moment her views on student loan cancellation:

  1. The president can’t cancel student loans unilaterally with out an Act of Congress.
  2. The president has the facility to “delay” student loan funds.
  3. The president has the facility to “postpone” student loans.
  4. However, the president doesn’t have the facility of student loan forgiveness.
  5. The American public is probably not comfortable paying another person’s student loan debt.

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