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STORY BY KATIE LOBOSCO AND ALI ZASLAV, CNN

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Published on March 16, 2021 11:39 PM

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Schumer keeps pressure on Biden to cancel $50,000 in student loan debt
Washington (CNN)Senate Majority Leader Chuck Schumer is keeping the pressure on President Joe Biden to forgive $50,000 in federal student loan debt.

The New York Democrat said Monday that the Justice Department is currently conducting a legal review on whether Biden has the authority to issue blanket forgiveness on student debt.

But Biden has repeatedly resisted calls from Schumer and other Democrats like Massachusetts Sen. Elizabeth Warren to cancel $50,000 per student loan borrower -- making it very clear during a CNN Town Hall last month that he does not support the idea. Biden has expressed support for canceling $10,000 per borrower, but has argued that the government shouldn't forgive debt for people who went to "Harvard and Yale and Penn."

He's also indicated that he believes Congress should make changes through legislation, which would make them harder to undo -- though White House press secretary Jen Psaki has said that the administration was open to reviewing an executive option. When asked Monday about whether Congress should take the first step, Schumer argued it would take too long and there are many other key priorities at the moment that the Senate is focused on.