Biden rules out forgiving $50,000 of student loan debt per borrower

Posted on AllSides April 29th, 2022
From The Center

President Biden said Thursday that his administration is looking at ways to reduce "some" federal student loan debt.

Why it matters: However, he said specifically his administration is not planning to forgive up to $50,000 per borrower, a figure repeatedly proposed by Senate Majority Leader Chuck Schumer (D-N.Y.) and other Democrats.

What they're saying: "I'm in the process of taking a hard look at whether or not there will be additional debt forgiveness," Biden said.

"I'll have an answer on that in the next couple of weeks," he added.

Though Biden shot down the...

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