Biden Says He's 'Unlikely' to Issue Executive Order Canceling $50,000 in Student Loan Debt
Image via Getty / Joshua Roberts
President-elect Joe Biden admitted that he is "unlikely" to use executive ordinance to clear more than $ 50,000 in student loan debt.
"It is questionable whether the president has executive power to cancel up to $ 50,000 in student debt," Biden told a group of newspaper columnists for the Washington Post on Wednesday. "Well, I think that's pretty questionable. I'm not sure. I probably wouldn't."
"I have spent most of my career arguing against the imperial presidency," Biden continued. "We have three equal branches of government. I am confident that there are a number of areas that are so significant that they go beyond the boundaries of the partisans."
In September, New York Senator Chuck Schumer and Massachusetts Senator Elizabeth Warren proposed that Biden, if elected, bypass Congress and use his powers under the Higher Education Act to cancel up to $ 50,000 in student loan debt for each borrower . Biden's remarks seem to indicate that he believes this is an abuse of power.
While on the campaign, Biden said he would help cut $ 10,000 in student loan debt as part of a coronavirus stimulus package. That would mean the House and Senate could reach an agreement on such a divisive issue, especially after taking several months to negotiate the terms of the current $ 900 billion stimulus bill.
Despite taking as strict an stance as he would prefer to face the student loan debt crisis, Biden at least admitted that this is an issue that is devastating young people's lives.
On the subject of matching items
How some of the Democratic candidates for 2020 are planning to cancel your student loan debt
At least $ 5 billion in student loan debt could be lost to a paperwork problem
Have tissues handy before figuring out the average student loan debt
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