Will Biden cancel student loan debt? As college costs spiral, here's what he's considering

WASHINGTON — The Biden administration entered the White House with an eye toward relieving the strain of student loan debt, particularly amid the added financial burden of the coronavirus pandemic.

On day one in office, President Joe Biden signed an executive order extending a pause student federal loan payments enacted by the previous administration as part of COVID relief. Progressive activists and lawmakers have urged the president to go further and cancel student loan debt, but he has said firmly that he does not believe he has the authority to do so by executive order.

  

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