“Student loan forgiveness has been a hot topic on the campaign trail and in the halls of Congress. From Sen. Bernie Sanders (I-VT) wanting to forgive all $1.6 trillion of student loan debt to Sen. Elizabeth Warren (D-MA) proposing to forgive student loans for 95% of Americans.”
But can a president cancel student loan debt?
“While the Education Department can cancel federal student loans due to death, disability or fraud, for example, others argue that a broad-scale student loan forgiveness plan would need congressional legislation based on a separation of powers argument.”
Joshua Holt is the founder of FIREwire, a site that aggregates personal finance, investing and financial independence stories. He is also the creator of