House Speaker Nancy Pelosi has broken from other top Democrats by claiming only Congress — not President Biden — has the power to cancel student debt. She has also raised objections to proposals for broad-based debt cancellation.
Speaker Nancy Pelosi: “Suppose your family was not — your child just decided they want to — at this time, not want to go to college, but you’re paying taxes to forgive somebody else’s obligations. You may not be happy about that.”
Meanwhile, a growing number of historically Black colleges and universities have been using federal pandemic relief funds to help erase student debt. Last week, South Carolina State University helped more than 2,500 students by erasing nearly $10 million in student debt.