The failure to take action towards cancelling student loan debt is an issue that will face members of Congress ahead of midterm elections, including the Senate Majority Leader Chuck Schumer.
Schumer has been an advocate for the canceling of federal student loan debt in recent years. He introduced two resolutions, one in 2020 and another in 2021, calling on the president to cancel $50,000 worth of student loan debt per borrower, according to Albany Times-Union.
President Joe Biden has previously questioned the legality of the president canceling student loan debt. A year ago, he said he was willing to cancel $10,000 in student loan debt per borrower, but not $50,000.
On January 26, Schumer and 86 other Democrats in Congress sent a letter to Biden urging him to take action. Student government leaders across the country, including at the University at Albany and Rensselaer Polytechnic Institute, signed a letter on January 18 urging the Biden administration to cancel all federal student loan debt.
The pause on federal student loan payments is set to expire on May 1, 2022.
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