Read on Twitter
New - Biden completely rejects Schumer/Warren proposal to cancel $50K of student loan debt per borrower:
“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.
“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.
“I’m prepared to write off $10,000 debt, but not 50 because I don’t think I have the authority to do it by signing” an executive order, Biden says.
He pitches 0% interest on student loans (which he’s already done thru Sept.) & expanding public service loan forgiveness.
He pitches 0% interest on student loans (which he’s already done thru Sept.) & expanding public service loan forgiveness.
Biden didn't make clear whether that "write off" of $10K would be via executive action or legislation.
White House aides previously pitched it as a request to Congress, though earlier this month said for first time they were considering exec action. https://www.politico.com/news/2021/02/04/schumer-biden-student-loan-debt-466054
White House aides previously pitched it as a request to Congress, though earlier this month said for first time they were considering exec action. https://www.politico.com/news/2021/02/04/schumer-biden-student-loan-debt-466054
