Sen. Schumer ups the pressure on Pres. Biden to cancel $50,000 in student loans

U.S. Senate Majority Leader Charles Schumer (D-NY) is, once again, urging President Joe Biden to cancel a large amount of student debt, Breitbart reports. As if Biden didn’t already have enough trouble from Republicans. 

Schumer did so in a series of recent tweets, writing in one: “Not thinking today would be a great day for President Biden and Vice President [Kamala] Harris to #CancelStudentDebt.”

Here, Schumer was echoing a tweet that he posted just after Biden was inaugurated in January 2021. In that tweet, Schumer wrote, “today would be a great day for President Biden and Vice President Harris to #CancelStudentDebt.”

Here we are though, nearly 10 months later, and Schumer still hasn’t appeared to get through to Biden. So, Schumer appears to be doubling down.

Schumer makes his case

Schumer has been pressuring Biden to cancel a large portion of student debt for some time now. Schumer, specifically, is calling for Biden to cancel up to $50,000 for each borrower.

Throughout Biden’s first year in office, Schumer has been periodically releasing tweets making his case for canceling this student loan debt. In September, for example, Schumer wrote:

Student debt has become not a ladder up, but an anchor weighing Americans down—making it harder to start a family, buy a home, and live with financial independence. President Biden can #CancelStudentDebt and provide relief to the millions of borrowers drowning in debt.

And, just this past week, Schumer wrote:

By canceling student debt, President Biden would give our economy an immediate boost & help close the racial wealth gap for Black & Brown borrowers.

Schumer added that he “was thrilled to join @SenAlexPadilla, @JMurguia_Unidos, & @wearemitu to push @POTUS to #CancelStudentDebt.” 

Biden doesn’t appear to be on board

As suggested by Biden’s inaction, he doesn’t appear to agree with Schumer on this one. In fact, during a town hall event that took place in February, Biden flatly stated that he will not be going forward with Schumer’s plan.

Biden, instead, indicated that he has his own plan that would cancel about $10,000 of debt per student borrower. And, White House Press Secretary Jen Psaki stated, shortly after that town hall event, that Biden, at some point, will move forward with this plan by asking the Department of Justice (DOJ) to determine whether or not Biden, as president, actually has the power to do this.

As stated, though, here we are about ten months later and Biden has not pursued either his or Schumer’s idea.

It remains to be seen whether Biden is simply abandoning his plan.

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