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USA finance and payments live updates: $2,753 monthly check, student debt cancelation, payments in Maine…

Q    Hello, I have two questions about student loan forgiveness.  First off, has the President concluded that he has the power to do this unilaterally?

And secondly, does he believe that means testing is the correct approach to student loan forgiveness?

MS. PSAKI:  Well, there’s been no conclusion of any process internally yet.  But you heard the President talk this morning about his ongoing consideration of how to provide additional relief to many Americans who are still — still have student loans, even though they have not paid a penny on federal student loans since he took office. 

And what was the second part of your question?

Q    Has he decided if he wants to do means testing?

MS. PSAKI:  So, he has talked in the past about how, you know, he doesn’t believe that — that millionaires and billionaires, obviously, should benefit or even people from the highest income.  So that’s certainly something he would be looking at. 

Jen Psaki, White House Press Secretary

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