Can Joe Biden really erase student loan debt with the stroke of a pen? "Even before the coronavirus pandemic plunged our economy into chaos, student loan borrowers were already in crisis," said Senator Warren in the memo. (Photo by Kevin Lamarque-Pool/Getty Images) Getty ImagesIs Student Loan Forgiveness Via Executive Order Legal? "The main issue is whether the Executive branch’s constitutional powers can forgive student loan debt," he says. Student loan attorney Michael Lux of The Student Loan Sherpa says he agrees that there is plenty of ambiguity when it comes to this issue.

Source: Forbes December 17, 2020 15:22 UTC