Pelosi: Biden Doesn’t Have Power to Forgive Student Loans

Contact Your Elected Officials
The Epoch Times

House Speaker Nancy Pelosi (D-Calif.) said Wednesday that President Joe Biden does not have the legal authority to forgive federal student loans in what appears to be a disagreement with other top Democrats.

For months, Senate Majority Leader Chuck Schumer (D-N.Y.) has issued near-daily tweets insisting that Biden forgive all student loans.

But during a weekly press conference, Pelosi said Biden can only pause or delay student loan payments and cannot unilaterally cancel them.

“He can postpone, he can delay, but he does not have that power,” Pelosi told reporters. “That would best be an act of Congress.”

Schumer and other progressive Democrats have argued that Biden can forgive student loans using the same legal provision that former President Donald Trump used to delay payments on loans and interest starting in March 2020 amid the COVID-19 pandemic.

The recent comments from Pelosi are sure to trigger pushback from some Democrat lawmakers.

On Tuesday, Schumer, Sen. Elizabeth Warren (D-Mass.), and Rep. Ayanna Pressley (D-Mass.) called on the president to extend a pause on student loan payments and move on forgiving debts.

“To make borrowers repay their debts now would be unfair, would be harsh, and in many instances would be cruel. People were thrown off their stride by COVID. Give them a chance to recover,” Schumer said, adding that the president has the “existing legal authority” to cancel up to $50,000 in debt.

“Every day that goes by, that sword draws a little closer. The President can remove this sword, and can remove this pain, by canceling $50,000 or more in student loan debt,” said Warren, who has long championed loan forgiveness, in her own remarks Tuesday.

If a student loan forgiveness bill is introduced in Congress, it appears unlikely that there will be enough votes for it. Some moderates have said that canceling student loan debt would be unfair to those who have already paid their debt off.

BY JACK PHILLIPS

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Why the Trump Administration is Sitting on the Epstein Files

President Trump, AG Bondi, and FBI Dir. Patel have the advantage over us in that they see the big overall picture when it comes to the Epstein List.

Trump’s “Major Statement” On Russia Is A Clumsy Attempt To Thread The Needle

The “major statement” on Russia Trump hyped up turned out to be an attempt to thread the needle between escalating US involvement in Ukrainian and walking away from it.

AI Takes Customer Service from Doublespeak to Triplespeak

Corporations are replacing customer service agents with AI agents. Here's a real-life example of attempting to use AI to have my internet restored.

The Left’s Descent into Extremism  

The political left, from mainstream Dems to radical Antifa, have embraced extremism, alienating swaths of the public and undermining their own influence.

Roger Stone Speaks About Trump at Turning Point USA

Longtime Donald Trump friend, Roger Stone, gave a speech at the 2025 TPUSA convention offering his take on the recent Epstein List controversy.

Border Czar Says Physical Appearance ‘Can’t Be the Sole Reason’ to Detain Someone

Border czar Homan said comments were “taken out of context” and federal immigration enforcement agents can't detain people based on physical appearances alone.

Capacity of US Coal-Fired Power Plants to Fall Over 15 Percent by 2028

Total operating capacity of coal-fired power plants in US is set to drop to 145 GW by end of 2028, a 15% decline from the 172 GW in operation as of May.

Violence Against ICE Escalates Across America

ICE officers face increased confrontation on the street, which crosses the line between free speech and physical violence.

International Buyers Purchased $56 Billion Worth of US Homes in 1 Year

Foreign buyers purchased $56 billion worth of existing homes in the US between April 2024 and March 2025, up by 33.2% from the previous 12 months.

CMS Eyes 3.8 Percent Pay Hike for Doctors, Medicare Cost Cuts, and Chronic Care Expansion

Trump admin plan will save billions on wasteful spending, boost rates for doctors, and modernizing Medicare services, said HHS Sec. RFK, Jr.

DOGE Announces Billions of Dollars in Federal Contracts Terminated

In post on X on July 12, DOGE, stated that “over the last week, agencies terminated 230 wasteful contracts,” resulting in savings of $407 million.

Trump to Announce $70 Billion Energy and Innovation Investment in Pittsburgh

President Trump is meeting with business leaders to discuss how best to meet the energy and computing needs of the future.

Attorney General Pam Bondi Dismisses Justice Department’s Top Ethics Lawyer

AG Pam Bondi terminated the head of the DOJ’s ethics division, according to a letter posted to social media by the fired official.
spot_img

Related Articles