White House Moves Closer to Canceling Student Debt, Schumer Says

White House Moves Closer to , Canceling Student Debt, Schumer Says.

'The Hill' reports Senate Majority Leader Chuck Schumer says White House officials are closer to canceling student loan debt "than ever before.".

Schumer has been a vocal advocate for canceling up to $50,000 of debt for each borrower.

Schumer has been a vocal advocate for canceling up to $50,000 of debt for each borrower.

He reportedly believes President Biden and his administration will ultimately land on absolving borrowers of at least $50,000 of student loan debt.

I have talked personally to the president on this issue a whole bunch of times.

, Senate Majority Leader Chuck Schumer at the State of Student Debt Summit, via 'The Hill'.

I have told him that this is more important than just about anything else that he can do on his own.

, Senate Majority Leader Chuck Schumer at the State of Student Debt Summit, via 'The Hill'.

We’re making progress folks.

We are making progress.

, Senate Majority Leader Chuck Schumer at the State of Student Debt Summit, via 'The Hill'.

The White House seems more open to it than ever before.

, Senate Majority Leader Chuck Schumer at the State of Student Debt Summit, via 'The Hill'.

Last week, the Department of Education announced the extension of the pause on federal student loan repayments, though critics say such measures are not enough.

Don’t get me wrong, the pause is a good thing, but it ain’t enough.

It ain’t close to enough.

, Senate Majority Leader Chuck Schumer at the State of Student Debt Summit, via 'The Hill'.

Schumer says it is more important than ever to forgive student loan debt in the United States, suggesting that he would support canceling more than $50,000 per borrower.

We want our young people to realize that they can have a good future.

, Senate Majority Leader Chuck Schumer at the State of Student Debt Summit, via 'The Hill'