In explosive comments today, House Speaker Nancy Pelosi (D-CA) told reporters that President Biden does not have authority to cancel student loan debt.
“People think that the President of the United States has the power for debt forgiveness,” she said. “He does not. He can postpone, he can delay, but he does not have that power.” Pelosi argued that student loan forgiveness can only be accomplished through “an act of Congress.”
Pelosi argued that student loan forgiveness can only be accomplished through “an act of Congress.”
https://www.forbes.com/sites/adamminsky/2021/07/28/pelosi-president-biden-does-not-have-power-to-cancel-student-loan-debt/?sh=270cfc875504