Urges President Biden to cancel up to $50,000 per eligible borrower in federal student loan debts.

This Senate Resolution (SR 42) urges President Biden to use executive authority to cancel up to $50,000 in federal student loan debt per eligible borrower. It directly targets the 43 million Americans holding approximately $1.6 trillion in federal student loan debt, including those in default or facing financial hardship. The resolution requests the President direct the Secretary of Education to implement this cancellation under existing authority in the Higher Education Act of 1965. As a non-binding resolution, it does not change law but formally requests this action from the executive branch.