HEADLINES & GLOBAL NEWS
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(Photo : Drew Angerer/Getty Images)
Congressional Democrats Hold Press Conference On Canceling Student Debt
WASHINGTON, DC - FEBRUARY 4: Senate Majority Leader Chuck Schumer (D-NY) speaks during a press conference about student debt outside the U.S. Capitol on February 4, 2021 in Washington, DC. Also pictured, L-R, Rep. Mondaire Jones (D-NY), Rep. Alma Adams (D-NC), Rep. Ilhan Omar (D-MN), Sen. Elizabeth Warren (D-MA) and Rep. Ayanna Pressley (D-MA). The group of Democrats re-introduced their resolution calling on President Joe Biden to take executive action to cancel up to $50,000 in debt for federal student loan borrowers.
Despite calls from progressive Democrats for President Biden to sign an executive order wiping out millions in borrowers' debt, the administration has yet to make a statement on the student loan forgiveness program. The administration's recent steps toward this indicate that widespread cancellation of student loans could be likely in the future.