The Education Department was asked to write a memo on Biden's ability to nix student debt. The memo had been in existence since April 2021, but had yet to be released. Lawmakers want Biden to release the memo to give certainty on student-debt relief. President Joe Biden asked the Education Department to prepare a memo on his legal ability to cancel student debt. On November 1, Insider received redacted documents from the Debt Collective that showed the memo had existed since April 5, 2021. The student-loan-payment pause and the creation of the memo have caused borrowers and lawmakers to want answers. The extension of the student loan moratorium is welcome, but I still believe that we owe it to 43 million Americans with student loan debt to fully cancel it. Biden's intentions for handling the student-debt crisis seemed clear when he was on the campaign trail. He promised to approve $10,000 in student-loan forgiveness for each federal borrower and said it would be a top priority for him in reform of long-broken loan-forgiveness programs. While he has taken steps on the latter, the former remains unfulfilled, and borrowers and lawmakers are growing frustrated as Biden stalls on a promise many voters are relying on. The president was given a two-week deadline to deliver the memo by the Democrats. In January, she joined 84 of her colleagues in pushing for the release of the memo and an extension of the pause on student-loan payments, which Biden ended up implementing last week through August 31. It was long past time for Biden to be transparent with his voters, according to Insider. When leaders of the Progressive Caucus and I met with the President earlier this month, we stressed the importance of not just suspending, but cancelling student debt. She said that the President has the authority to cancel the debt. The Department of Education continues to assess its options for implementing broad debt cancellation by executive action. The majority of the student-debt memo was blacked out before Insider received it, but the documents did reveal some information about the communication process within the administration. An Education Department official wrote that based on internal emails in April 2021, the department would likely be preparing an updated version of the memo prepared in February. The press secretary for the Debt Collective said in a statement this month that the decision not to release the memo was a political one. A year has passed since the White House was informed of their authority to widely cancel student debt and yet they have chosen to sit on their hands while families suffer financially. It is time for Biden to take action. Insider reported that neither the Democrats nor the Republicans were satisfied with the relief. Democrats wanted even more relief, saying that if Biden could keep extending the pause, he could make permanent reforms to the student-loan industry. It is not clear whether more relief will come for student-loan borrowers in September. The President should extend the moratorium on student loans again once it expires. And then after that again. You know what, why don&t we just cancel it? The original article is on Business Insider. Have you heard the one where the Chinese Communist Party said China had nothing to do with Covid? Austrian Chancellor Karl Nehammer said it was a tough discussion and he tried to convince Putin that international investigations are useful. Few know that Amazon has millions of Prime subscribers. The father from California traveled to Ukraine in December to try to get his son back. Police said at least 10 people were being treated in Pittsburgh for gunshot injuries after reports of multiple gunshots fired on the southeast side of the city. 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The White House has 'chosen to sit on their hands while families suffer financially'
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