Biden Working to Cancel $127 Billion in Student Loan Debt Despite Supreme Court Ruling
President Joe Biden is working to find ways to cancel $127 billion in student loan debt, despite a recent United States Supreme Court ruling that blocked his administration’s attempt to bypass Congress and take such action.
Biden Administration Exploring Ways to Cancel Student Loan Debt After Supreme Court Setback
According to The Wall Street Journal, the Biden administration is exploring a variety of options for canceling student loan debt, including using executive authority. The administration is also considering working with Congress to pass legislation that would allow them to cancel student loan debt.
Biden Determined to Cancel Student Loan Debt, Looks for Ways to Bypass Congress
Biden has made canceling student loan debt a priority of his presidency. He has argued that canceling student loan debt would help to boost the economy and make it easier for people to buy homes and start businesses.
Biden Administration Considers Using Executive Authority to Cancel Student Loan Debt
One option that the Biden administration is considering is using executive authority to cancel student loan debt. This would involve the president using his existing authority to make changes to student loan programs.
Biden Pursues Student Loan Forgiveness Options Despite Supreme Court Ruling
The Supreme Court’s ruling was a setback for Biden’s efforts to cancel student loan debt. However, the Biden administration is still pursuing other options for canceling student loan debt.
Conclusion
It remains to be seen whether the Biden administration will be able to successfully cancel student loan debt. However, the administration is still exploring a variety of options for doing so.
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