Biden’s efforts to cancel debt and make a fresh start for incarcerated borrowers

The Obama-Biden administration initially launched the program, but this week's actions include changes for incarcerated borrowers with defaulted loans to qualify for a fresh start. We're focused on making sure we're putting our borrowers first. We have done more in a single year than any of the administration combined. I'm proud of the progress we're making. Cardona said that visits like this remind me that we have more work to do.

As part of the new efforts, incarcerated individuals would be able to consolidate their debt to help them move toward forgiveness.

He said that they're giving them a fresh start and that they're also giving them a chance to consolidate their loans, which gives them a pathway to loan forgiveness and Pell.

Many Democrats have said that's not enough.

Sen. Elizabeth Warren, D-Mass. The party must act before the midterm elections this fall, according to a person who has been most vocal about pushing President Biden to cancel even more debt for borrowers.

The president has the power to cancel student loan debt and the best way to know that is because President Obama did it, President Trump did it, and President Biden has done it repeatedly, Warren said on Sunday on CBS News' Face the Nation.

In her guest essay last week titled, Democrats Can Avoid Disaster in November, Warren outlined several actions the party could take to try and hold the majority in November, and Warren was even more direct in her New York Times guest essay last week titled, Democrats Can Avoid Disaster in November. Warren wrote that the president could make massive strides to close gender and racial wealth gaps with the stroke of a pen.

The Biden administration continued the pause on student loan repayment earlier this year, but advocates for debt cancellation argued that more was needed. Org sent a letter to the president earlier this month expressing his group's disappointment and asking to cancel student debt broadly. Over 1 million of our members asked you to take both of these actions. Nearly half of them are aligned with the democrats, over half of them supported you in 2020 in the hope that you would fulfill your campaign promises on bankruptcy and federal loan cancellation, Collinge wrote. These people made a difference in close elections like Georgia, Pennsylvania, Michigan. You and your party have an historically rare chance to solve a nationally threatening problem, Mr. President.