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Biden could face a student loan mess if Trump allows pandemic relief to expire

November 17, 2020. Summarized by summa-bot.

Student loan borrowers haven't had to make payments since March -- but that piece of federal pandemic relief is set to expire on December 31, unless President Donald Trump or Congress act to extend it.

Washington (CNN)Student loan borrowers haven't had to make payments since March -- but that piece of federal pandemic relief is set to expire on December 31, unless President Donald Trump or Congress act to extend it.

"Legislation from the Democratic House calls for an immediate $10,000 forgiveness of student loans," Biden said.

Progressive Democrats already appear ready to pressure Biden to uphold this pledge, including Massachusetts Sen. Elizabeth Warren, who's urging Biden to "cancel billions of dollars in student loan debt" on day one.

Warren, along with Senate Minority Leader Chuck Schumer, called on Trump in September to cancel $50,000 in student loan debt per borrower.

What is more clear is that the secretary of education can cancel student debt for borrowers who were defrauded by their colleges.

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