Biden dismisses a Democratic plan to wipe out $50,000 in federal student-loan debt

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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.”

 

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Article submitted by, Scott.