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Joe Biden on canceling student loan debt: 'I will not make that happen'

Added 02-16-21 11:22:02pm EST - “President Biden said Tuesday he won't take executive action to cancel $50,000 worth of student debt per borrower but suggested he would consider doing so for a lesser amount.” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “‘I will not’: Joe Biden not taking action to cancel borrowers’ $50,000 student loan debt”. Below is an excerpt from the article.

President Biden said Tuesday night he won’t take executive action to cancel $50,000 worth of student debt per borrower but suggested he would consider wiping out a lesser amount.

“I will not make that happen,” Mr. Biden told a woman at a CNN town hall in Milwaukee who said she was looking for at least $50,000 of debt forgiveness. “I’m prepared to write off $10,000 [of] debt, but not 50.”

The White House said this month that officials were reviewing the steps Mr. Biden could take unilaterally and that the president would “welcome the opportunity” to sign a bill if Congress passes one.

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The White House has said Mr. Biden supports canceling up to $10,000 worth of federal student debt per person because of the coronavirus crisis.

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