Facing pressure to offer debt relief to student loan borrowers, President Joe Biden promised a plan in coming weeks.
RELATED: President Biden discusses support to Ukraine
As pressure grows from progressives to offer relief for student loan borrowers, President Joe Biden said Thursday he is considering using executive authority in the coming weeks to cancel student loan debt — but less than $50,000.
"I am considering dealing with some debt reduction," Biden said to a question from USA TODAY. "I'm in the process of taking a hard look at whether or not … there will be additional debt forgiveness and I'll have an answer on that in the next couple of weeks."
Biden did not answer when asked what amount he's looking at canceling.
» Subscribe to USA TODAY:
» Watch more on this and other topics from USA TODAY:
» USA TODAY delivers current local and national news, sports, entertainment, finance, technology, and more through award-winning journalism, photos, videos and VR.
#joebiden #studentdebt #loanforgiveness
He lied
Let’s go Brandon make inflation even worse! How about mortgage forgiveness instead?
My daughter worked her way through school… graduating in May from a state school with two degrees in biology with around $3k student loan debt. I guess she should have partied more… is that not what this garbage proposal suggests let alone that signing a note carries no consequence upon default? Also, there is no such thing as “loan forgiveness”… someone is picking up the tab for something/someone they get nothing from.
At this point, I will join the army to get rid of my student loans. But I am 37 with a busted sciatic nerve. IF ONLY UNIVERSAL HEALTHCARE KEPT ME IN FIGHTING SHAPE (HINT HINT)