President Joe Biden dismissed a Democratic plan to forgive up to $50,000 in student-loan debt.
“I will not make that happen,” he said Tuesday, adding he didn’t think he could do it unilaterally.
The proposal was put forward recently by Sens. Elizabeth Warren and Chuck Schumer.
President Joe Biden on Tuesday evening effectively rejected a Democratic plan put forward by Sens. Elizabeth Warren and Chuck Schumer to wipe out up to $50,000 in student-loan debt per borrower. Instead, he said he backed a measure to provide up to $10,000 in forgiveness.
“I will not make that happen,” he said of the $50,000 relief measure. Instead, he told a CNN town-hall audience he believed loan forgiveness “depends on whether or not you go to a private university or a public university.”
New – Biden completely rejects Schumer/Warren proposal to cancel $50K of student loan debt per borrower:— Michael Stratford (@mstratford) February 17, 2021
“I will not make that happen."
Says he doesn't want to forgive debts of borrowers from elite schools — and money would be better spent on early childhood education. pic.twitter.com/oDwvCJveOm
Article submitted by, Scott.