Progressive calls are mounting for Biden to write off $ 50,000 in student loan debt: “Do it!” “

Calls from progressive Democratic lawmakers for the presidency Joe biden to write off $ 50,000 in student loan debts continue to rise in recent days.

Majority leader in the Senate Chuck schumer, New York Democrat and Senator Elizabeth warren, a Massachusetts Democrat and many members of the Progressive Congressional Caucus, pressured Biden to cancel a significant level of student loan debt– which is estimated to be over $ 1.7 trillion collectively.

Although Biden previously rejected the idea publicly, the White House chief of staff Ron klain Recount Politics On Thursday, the president asked Education Secretary Miguel Cardona to prepare a note indicating whether the administration has the legal authority to write off up to $ 50,000 in student debt for borrowers.

“Hopefully we’ll see that in the next few weeks,” Klain said of the pending memo. “And then he’ll look at that legal authority, he’ll look at the policy issues around it, and he’ll make a decision.”

Progressive Democrats continue to pressure President Joe Biden to write off up to $ 50,000 in student loan debt. In this photo, Senate Majority Leader Chuck Schumer (D-NY) speaks at a student debt press conference outside the United States Capitol on February 4 in Washington, DC
Drew Angerer / Getty Images

On Saturday, Schumer and progressive Democratic lawmakers took to Twitter lobby the Biden administration to take action. Supporters of student debt cancellation argue that the administration has the power to simply cancel student loan payments, pointing out that payments and associated interest have already been put on hold amid the pandemic.

“Today would be a big day for President Biden and Vice President Harris of #CancelStudentDebt,” Schumer tweeted on Saturday.

“Canceling student debt is a matter of racial, economic and generational justice,” Warren wrote on Twitter Friday.

A day earlier, the senator tweeted: “The cancellation of student loan debt is one of the most effective executive measures available to stimulate our economy, and it will help millions of people in MA and across the country. . “

Representative Rashida Tlaib, a Democrat from Michigan, shared a post on Twitter explaining how Biden is now considering a $ 50,000 student loan forgiveness. The MP wrote: “Do it @POTUS!”

Charles Booker, a progressive Democrat who once served in the Kentucky House of Representatives, shares the same sentiment. He tweeted: “Do it!”, Also sharing an article about Biden’s review of the idea.

“We must keep pushing for this until this happens”, Representative Ilhan Omar, a Democrat from Minnesota, wrote in a tweet on Saturday thanking fellow lawmakers for pressuring the Biden administration to take bold action against student debt.

Representative Ro Khanna, a Democrat from California, pointed out that Biden could simply take executive action to alleviate the debt of millions of Americans.

“President Biden can write off up to $ 50,000 in student loan debt for the American people with the stroke of a pen. Let’s make it happen. #CancelStudentDebt,” Khanna tweeted.

Representative Ayanna Pressley, a Democrat from Massachusetts, explained at a press conference last week that student debt is a problem that affects Americans across generations. The member pointed out that she speaks regularly with people in their fifties and even in their 70s who are still making payments on their student loans.

“We are doing a disservice when we perpetuate the idea that the face of student debt is white graduate students who have gone to Ivy League institutions,” Pressley said.

While he is reportedly currently exploring the possibility of forgiving $ 50,000 in student debt, the president has previously expressed his opposition to the idea. “I won’t make it,” Biden responded quickly when asked about the possibility during a CNN town hall mid-February.

News week contacted the White House for comment, but did not immediately receive a response.

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