After the president of the United States, Joe Biden, announced that student debt would continue to be suspended for at least another four months to give working and middle-class families a break, on social networks they remembered the day that Nancy Pelosi warned that Biden lacks the authority to pay student debt.
It was just last year, 2021, when the Speaker of the House of Representatives , Pelosi, pointed out that Biden did not have the authority to pay the student loan debt of some Americans.
“People think that the president of the United States has the power to forgive the debt, it does not have it”, were the words of Pelosi. ” He can postpone, he can delay, but they don’t have that power. That has to be an act of Congress.”
In addition, he seemed to question whether that policy was fair: “Suppose your son just told you that he didn’t want to go to college at the time, but he’s paying taxes to forgive someone else’s obligations. It is possible that this does not make him happy ”.
So far, Nancy Pelosi has not commented on the statements she made a year ago , above all, it is unknown if he still thinks the same.
The White House announced that the Biden administration will cancel up to $20,000 in student debt for Pell Grant recipients, up to $10,000 for individual borrowers earning less than $125,000 per year and announced that student debt will continue to be suspended.
Through Twitter, the president indicated that with this decision he is fulfilling his campaign promise to announce a plan to give working and class families a break media as they prepare to resume federal student loan payments in January 2023.