Biden May Be Exploring $50K Student Loan Cancellation, Hints His Chief of Staff
Then-President-elect Joe Biden announces Miguel Cardona as his nominee for Education Secretary at The Queen theater on December 23, 2020, in Wilmington, Delaware.
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President Joe Biden is exploring the possibility of canceling student loan debt of up to $50,000 per debtor, his chief of staff Ron Klain said on Thursday. Biden has asked Education Secretary Miguel Cardona to compile a memo detailing how he could legally do so as president.
“He asked his secretary of education just put on the job a few weeks once he got on the job to have his department prepare a memo on the president’s legal authority. Hopefully, we’ll see that in the next few weeks,” said Klain in an interview with
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