Biden Doesn’t Have Legal Authority To Cancel Student Loans, But Is Nancy Pelosi Wrong?

Speaker of the House Nancy Pelosi said that President Joe Biden does not have the legal authority to enact wide-scale student loan forgiveness. These 80 advocacy organizations disagree.

Here’s what you need to know.

Student Loans

Last month, Pelosi (D-CA) surprised Washington when she said the president cannot cancel student loans unilaterally without an Act of Congress. Pelosi said that Biden has the power to “delay” or “postpone” student loan payments, but he doesn’t

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