Democrats Want Biden to Take Executive Action Against Student Loan Debt

Democrats Want Biden to Take Executive Action Against Student Loan Debt

(TargetLiberty.org) – With a total of 29 executive orders under his belt after only 16 full days in office, Joe Biden has signed nearly as many as Franklin D. Roosevelt, the former record-holder for executive actions, did in his first month in office.

He also issued another 21 executive actions, including proclamations, declarations, and memorandums, for an unprecedented total of 50 separate measures. They ranged in scope from COVID-19 responses to immigration policy and several points between.

On January 20, his first day in office, Biden signed an executive order extending Donald Trump’s payment pause for student liens and accruing interest until the end of September 2021. That extension provides relief to more than 40 million Americans suffering from the economic fallout from the COVID-19 pandemic. However, that relief action isn’t enough for some Democrats.

Dozens of Democratic lawmakers in both the House and the Senate have joined the resolution encouraging Biden to continue his pause on student loan payments for the “duration of the COVID-19 pandemic.”

Leading Democrats Push for Student Loan Cancellation

Fox News reported on February 4 that Senate Majority Leader Chuck Schumer (D-NY), progressive firebrand Sen. Elizabeth Warren (D-MA), and Rep. Ayanna Pressley (D-MA) are encouraging Biden to cancel federal student loan debt through executive action.

The trio introduced a resolution granting the Education Secretary the authority to cancel up to $50K in federal student loan debt under the 1965 Higher Education Act‘s legal authority. It also urges Biden to use his executive authority under Article II of the Constitution to prevent loan cancellation from resulting in tax debt for students under the 1986 Internal Revenue Code.

On the flip-side of the coin, many Americans believe college students should be held more accountable for their student debt, not less. One has to wonder if Washington has more important long-term issues to resolve than student debt in the wake of the country’s worst health care crisis in a century.

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