Secret Student Loans Memo Means This For Student Loan Cancellation
, coupled with his repeated call on Congress to pass legislation to cancel student loans, suggests he doesn’t believe that the president has such legal authority. As such, this indicates that he has no plans to cancel everyone’s student loan debt.Remember this: a legal memo is a non-binding legal opinion. It’s not a proclamation, a court order or legislation. The president receives all types of policy and legal recommendations.
However, the Biden administration has made a clear commitment — supported by action — to deliver more student loan relief and more student loan forgiveness for student loan borrowers.It’s important to understand what this memo represents. If the memo recommends that Biden has legal authority, please don’t conclude that all your student loans will get cancelled.
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