It is a really dangerous precedent to be asking a President to do an end run around Congressional authorities. Even to articulate that is what you want done. https://twitter.com/Ilhan/status/1362406605782978562

A lot of people don’t understand it would take appropriations to remove your debt from the books.

They see the debt as if Uncle Sam is a literal uncle who can just say forget about it.

But a debt is recorded and lives on the balance sheet. To be erase it has to be paid

If not paid - your debt isn’t forgiven it just not collected.

And when a new president comes in will be reversed just as easy with another EO.

The legal authority that Schumer and Warren are claiming is NOT from government sources at their disposal but a Harvard law class clinic’s 7 page paper.

https://www.warren.senate.gov/imo/media/doc/Ltr%20to%20Warren%20re%20admin%20debt%20cancellation.pdf

Biden will ask the Department of Justice

Professional legal opinionsfrom trained lawyers have not been very supportive of the idea https://www.reuters.com/article/us-usa-biden-doj-student-loan/biden-will-ask-doj-to-review-his-authority-to-cancel-student-loan-debt-white-house-idUSKBN2AH2KB

Only about one in four likely voters, however, supports forgiving all student debt. And the idea is much more popular among those with debt than those without it.
Other polls have also found that canceling some student debt is a moderately popular idea

The Congressional authority to erase 10k in student debt that he asked for in the Hero Act will be most effective in helping borrowers who didn’t graduate college. That is the group struggling to pay.