President Joe Biden said Thursday that he is 'considering' taking action to forgive some student loan debt, with a decision coming as soon as “the next couple of weeks.”
PUBLISHED 1:49 PM EDT Apr. 28, 2022President Joe Biden said Thursday that he is "considering" taking action to forgive some student loan debt, with a decision coming as soon as “the next couple of weeks.”.
A number of prominent Democrats, including Senate Majority Leader Chuck Schumer, D-N.Y., and former presidential candidate Sen. Elizabeth Warren, D-Mass., have urged Biden to use his authority to cancel as much as $50,000 in student debt per borrower.Asked later in the day, the White House's top spokeswoman would not give a specific number but indicated that the president is considering a number higher than $10,000.
Biden has already canceled more than $17 billion in student loan debt, for more than 700,000 borrowers by expanding existing loan forgiveness programs for public sector workers, borrowers who are permanently disabled and individuals defrauded by for-profit colleges. One such call came in the form of a meeting with members of the Congressional Hispanic Caucus earlier this week, who urged the president to take executive action to forgive some student debt.this week that Biden was "positive" about such an idea, but did not make any specific commitments.
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