Psaki: Student debt cancellation ‘on the table’


During an interview with Pod Save America Thursday, released Friday, White House Press Secretary Jen Psaki explained that canceling student loan debt is “on the table” and high costs are “an important thing that needs to be done.” must be taken into account. That’s a big part of the reasoning.”

Psaki replied to a question [relevant exchange begins around 1:00:55] whether executive action to cancel student loan debt is still on the table, saying, “Yes, still on the table. … So, like you said, it ends on August 31st. We then have to decide whether to extend it and what you see is, even though the economy is very strong, we added more jobs last year than any year in history, although that’s the case, we know how we feel about that have spoken, the costs are too high. And certainly not having to pay off student loans — nobody’s had to pay a dollar, a dime of anything on student loans since Joe Biden has been president, and if that can help people lighten the burden of costs in other parts of their lives, that’s an important thing to do note. That’s a big part of the reasoning. So it’s either extended to August 31 or we make a decision… about canceling the student debt.”

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