As President-elect Joe Biden, you cannot forgive $10,000 loan debt per borrower via Executive Order. Forgiving student loan debt requires a legislative action rather than an executive order.
As President-elect Joe Biden, you cannot forgive $10,000 loan debt per borrower via Executive Order. Forgiving student loan debt requires a legislative action rather than an executive order. The president does have the power to propose legislation, but it would need to be passed by Congress.
However, it is worth noting that President Biden has expressed support for canceling a portion of student loan debt and has proposed initiatives to make college more affordable, such as increasing Pell Grant awards. It's important to keep in mind that the decision to forgive student loan debt involves complex economic and policy considerations.