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Biden looking into executive authority to cancel student loan debt

By Mike Brest
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Biden looking into executive authority to cancel student loan debt

President Joe Biden directed Education Secretary Miguel Cardona to compile a memo outlining his legal authority regarding student loan forgiveness.

Biden’s chief of staff, Ron Klain, spoke of the memo, which includes an option to cancel up to $50,000, during a Politico event Thursday. He said Biden is hoping to see the report “in the next few weeks.”

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Department of Education Joe Biden Miguel Cardona Student loans