Prominent Senators And Representatives Propose A Resolution For The President To Exercise Executive Authority To Cancel Up To $50,000 Of Student Debt Per Borrower.
On February 4, 2021, Senate Majority Leader Chuck Schumer, Senator Elizabeth Warren, and Congresswoman, Ayanna Pressley, joined by a number of Senate and House Democrats[1], proposed a bicameral Resolution for President Biden to cancel up to $50,000 in federal student debt per borrower. The proponents emphasize that the President can cancel student loan debt by…
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