Student loan debt forgiveness: Biden again rejects $50,000 plan pushed by other top Democrats cnn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnn.com Daily Mail and Mail on Sunday newspapers.
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President Joe Biden said at his first town hall that he will not cancel $50,000 in student-loan debt.
Congress should introduce legislation to cancel the debt, Biden has consistently said.
Several leading Democrats believe Biden can act, using powers under the Higher Education Act.
President Joe Biden has a $1.9 trillion plan and a $1.7 trillion problem. He wants to go big on the former, but, unlike several prominent Democrats, more conservative on the latter.
The $1.9 trillion, of course, is the stimulus plan that Biden was touting in last night s CNN town hall in Wisconsin. But when asked about proposals to cut into the $1.7 trillion in outstanding student-loan debt (as of the third quarter of 2020), the president expressed caution.
Student loan debt forgiveness: Biden again rejects $50,000 student loan debt forgiveness plan pushed by other top Democrats msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.