In a recent interview with Anand Giridharadas, Senate minority leader Chuck Schumer suggested that President-elect Joe Biden should issue significant student loan forgiveness through an executive order, describing a possible FDR-style agenda during Biden's first 100 days. 

"I have a proposal with Elizabeth Warren that the first $50,000 of debt be vanquished," said Schumer. "And we believe that Joe Biden can do that with the pen as opposed to legislation."