“We recognize that student debt is holding people back,” Cardona said. “And unfortunately, there are many who are in major debt that weren’t even able to finish their degree, who do not have the means to remove that debt. So we’re focused and it’s a priority for me, and for President Biden to make sure that part of the conversation is examining loan forgiveness. Those conversations are continuing.”
The question posed to Cardona was this: “You mentioned that the administration is still sort of considering the executive authority that you all have on debt cancellation, what is this sort of state of that? And where do you see that conversation going?” Importantly, while this may have been the implication, the question didn’t refer to “wide-scale student loan cancellation” through an executive order. Rather, the question referred to “debt cancellation” through an executive order.