Will Joe Biden Ever Get Around To Canceling Student Loans?

The clock is ticking on that promise, and student borrowers are still waiting for action.

onAugust 19, 2021 at 3:15 PMAugust 19, 2021 at 1:14 PM

(Photo by Drew Angerer/Getty Images)

That process is still underway. We’re having conversations with the White House and the Department of Justice.

— Secretary of Education Miguel Cardona, offering a brief glimmer of hope on President Joe Biden’s plans to pursue mass student loan cancellation. In April, Biden asked Cardona and the Education Department to prepare a memo summarizing his legal authority to cancel debt through an executive action. During his campaign for the presidency, Biden promised to “forgive a minimum of $10,000/person of federal student loans.” Thus far, the Biden administration has canceled billions of dollars of student loan debt for borrowers with total and permanent disabilities and borrowers scammed by their schools.

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From Pilot and Above The Law

Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.