Senate Majority Leader Chuck Schumer and Sen. Elizabeth Warren are praising President Joe Biden after he announced his latest plan to cancel some student loan debt on Wednesday. “With the flick of a pen, President Biden has taken a giant step forward in addressing the student debt crisis by cancelling significant amounts of student debt for millions of borrowers,” Schumer and Warren said in a joint statement to Blavity. “The positive impacts of this move will be felt by families across the country, particularly in minority communities, and is the single most effective action that the President can take on his own to help working families and the economy.” NEW: Biden announces $10,000 federal student loan cancellation per student making $125K or less per year. – 4-month extension of the student loan pause – This pause will be the final one – Repayments to restart in Jan – Additional $10K canceled for Pell grant recipients pic.twitter.com/1LR17w3x2Z — philip lewis (@Phil_Lewis_)...