Democrats Renew Push , for Student Loan <br />Debt Forgiveness.<br />Insider reports Democratic lawmakers <br />have renewed their plea for President Joe Biden to forgive $50,000 worth of student loan debt for every borrower.<br />Senator Elizabeth Warren says Biden has the power to offer millions of student loan borrowers "permanent total relief.".<br />Appearing at a virtual town hall alongside Senate Majority Leader Chuck Schumer and Representative Ayanna Pressley, .<br />Appearing at a virtual town hall alongside Senate Majority Leader Chuck Schumer and Representative Ayanna Pressley, .<br />Warren called on President Biden<br />to "do the right thing.".<br />Warren called on President Biden<br />to "do the right thing.".<br />Canceling $50,000 of student-loan debt would <br />give 36 million Americans permanent total relief. , U.S. Senator Elizabeth Warren, via statement.<br />That would be the end of <br />their debt burden. And it <br />would aid millions more <br />by significantly reducing <br />the principal on their debt. , U.S. Senator Elizabeth Warren, via statement.<br />In 2021, federal student loan debt in <br />the United States totaled $1.6 trillion.<br />While campaigning for the <br />presidency in 2020, Biden repeatedly promised to cancel at least $10,000 in <br />student loan debt for all federal borrowers.<br />Democrats urge Biden to act on student loan debt "immediately." They say it is within <br />his executive powers to do so.<br />The president can do it <br />with a flick of the pen — <br />all he has to do is sign <br />an executive order. , Senate Majority Leader Chuck Schumer, via statement.<br />The president can do it <br />with a flick of the pen — <br />all he has to do is sign <br />an executive order. , Senate Majority Leader Chuck Schumer, via statement
