Psaki Claims Biden ‘Does Not Favor’ Canceling $50k in Student Loan Debt ‘Without Limitation’

White House Press Secretary Jen Psaki says President Joe Biden has not made a final decision on whether he has the authority to cancel up to $50,000 in student loan debt per borrower.

During a press briefing on Wednesday, Psaki was asked about Biden’s belief that he does not have the authority to cancel up to $50,000 in federal student loan debt.

The reporter noted that Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Elizabeth Warren (D-Mass.) released a statement that said they were informed his administration was still examining whether he would have the authority to cancel that amount of debt.

The reporter asked, “So, if your lawyers would determine that canceling this is legal, would the president go ahead with this? And if not, why not?”

“First on last night’s town hall… was reiterating his previously stated position, which is he doesn’t favor $50,000 in student loan relief without limitation,” she responded.

She went to explain that Biden believes student loan relief for amounts over $10,000, should be targeted based on whether the borrower went to a public or private school, whether they went to a graduate or undergraduate school, and what their income is.

“Obviously, there’s a lot of considerations at play,” she added. “What the president has told Sens. Schumer and Warren is that once his team is in place at the Justice Department… he will ask them to conduct a legal review of his authority to act by executive action.”