For now, it’s an open question if President-elect Joe Biden has interest in testing his presidential power to try to forgive student debt.
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It’s a pressing question not just for higher-education experts and legal wonks. Tens of millions of Americans have a lot riding on the answer: Can the president forgive student debt without Congress?
If the president was able to cancel student debt without passing legislation, in theory borrowers could see their balances reduced or eliminated overnight. On the other hand, the chances of Congress agreeing to forgive the loans is, at best, uncertain. Generally, Republicans are not in favor of debt forgiveness.
For now, it’s also an open question if President-elect Joe Biden has interest in testing his presidential power in this way.