Pelosi Says Biden Can’t Cancel Student Loans And Confirms That Only Congress Has That Power

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This story is evolving.

The Speaker of the House said: President Joe Biden cannot unilaterally cancel student loans.

Here’s what you need to know.

Student loans

House Speaker Nancy Pelosi (California) reaffirmed her views on student loan abolition today:

  1. The President cannot unilaterally cancel student loans without an act of Congress.
  2. The President has the power to “delay” student loan payments.
  3. The president has the power to “defer” student loans.
  4. However, the president is not allowed to forgive student loans.
  5. The American public may be unhappy with the payment of someone else’s student loan debt.

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