President Biden has the ability to mandate mass debt relief for millions of Black students, but will he finally deliver on his promise come August? We'll just have to wait and see.

Looking ahead to the 2022 midterm elections, Sen. Schumer also said it was a winning issue that could help drive voter turnout, particularly among younger voters. 

Proponents of student debt cancelation applaud the Biden Administration's extension of the pause on student loan payments but want the president to take action and cancel the debt.