Pelosi: Biden Doesn’t Have Power to Forgive Student Loans

President Joe Biden hands a pen to House Nancy Pelosi (2nd L), alongside other members of the House, after signing a bill dealing with greenhouse gas emissions, in the Eisenhower Executive Office Building, in Washington, on June 30, 2021. Saul Loeb/AFP/Getty Images

House Speaker Nancy Pelosi (D-Calif.) says President Joe Biden doesn’t have the legal authority to forgive federal student loans, in what appears to be a disagreement with other top Democrats.

For months, Senate Majority Leader Chuck Schumer (D-N.Y.) has issued near-daily tweets insisting that Biden forgive all student loans.