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Aarthi Swaminathan July 28, 2021, 2:05 PM House Speaker Nancy Pelosi (D-CA) threw cold water on the idea being pushed by other prominent Democrats that President Biden could enact student loan forgiveness through an executive order.  People think that the President of the United States has the power for debt forgiveness he does not, Pelosi said during her weekly press conference on Wednesday. He can postpone, he can delay, but he does not have that power. That would have to be an act of Congress. Other Democratic lawmakers, led by Senate Majority Leader Chuck Schumer (D-NY) and Senator Elizabeth Warren (D-MA), have repeatedly urged President Biden to enact student loan forgiveness of $50,000 per federal loan borrower.

White houseDistrict of columbiaUnited statesMiguel cardonaToby merrillRon klainPredatory student lending at harvard law schoolEducation departmentWhite house chiefStaff ron klainPresident bidenEducation secretary miguel cardonaPredatory student lendingHarvard law schoolவெள்ளை வீடுமாவட்டம் ஆஃப் கொலம்பியா