Biden says he's breaking campaign pledge to provide 'limited' student loan forgiveness and is now considering wiping 'substantial' amount of $1.6tn owed by 43,000 borrowers
Joe Biden said he was thinking about forgiving student debt but failed to provide specifics
Has raised speculation he's now planning to cancel far more than the $10,000-per-student he proposed while running for presidency
Progressive Democrats have called for all student debt to be forgiven
U.S. Rep. Tony Cardenas said the president suggested a plan to canceling some debt for the 43 million students holding $1.6 trillion in loans on Monday
The White House has yet to provide the logistics on how student loan forgiveness would work with a deadline set for August 31
It comes after the Department of Education elected to once again extend the halt on student loan repayments until the end of August
By Ronny Reyes For Dailymail.Com
Published: 01:20 EDT, 27 April 2022 | Updated: 01:53 EDT, 27 April 2022
Joe Biden is considering reneging on a campaign promise to cancel limited amounts of student debt, and is now mulling far more substantial coverage of the $1.6trillion in debt owed by 43,000 people.
Biden alluded to his plan during a meeting on Monday with the Congressional Hispanic Caucus, where he told Rep. Tony Cardenas, a California Democrat, that he had plans that would please the group.
The president previously supported canceling up to $10,000 of debt per student, but is now said to be open to forgiving a larger - if unspecified amount.
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https://www.dailymail.co.uk/news/article-10757691/Biden-considers-forgiving-federal-student-loan-debt-43-million-borrowers.html