Biden Tells Congressional Hispanic Caucus He’s Open to Cancelling ‘Substantial Amount’ of Student Loan Debt
“The move could affect more than 43 million borrowers who hold more than $1.6 trillion in federal student loan debt”
As Joe Biden sinks in the polls with pretty much every voter bloc, he is signaling that he’s open to forgiving more student loan debt.
He made this clear during a recent meeting with the Congressional Hispanic Caucus.
CBS News reports:
Biden tells Congressional Hispanic Caucus he’s looking at forgiving some federal student loan debt
President Biden is looking at different options to forgive an unspecified but substantial amount of federal student loan debt — a move that would thrill some of his most loyal supporters and financially strapped students nationwide, but is a departure from campaign pledges to provide limited relief.
The president shared his plans during a 90-minute White House meeting Monday with members of the Congressional Hispanic Caucus, participants in the exchange tell CBS News. The move could affect more than 43 million borrowers who hold more than $1.6 trillion in federal student loan debt, the second-largest debt held by Americans, behind mortgages.
Rep. Tony Cardenas, Democrat of California, who attended the meeting, said the president is open to forgiving debt for college students regardless of whether they attended a public or private institution.
“The president never mentioned an amount nor did the president say that he was going to wipe out all student debt,” Cardenas said. “He did a dialogue with us about the differential between young people who went to public schools or private schools and we CHC members said he should focus on both. And he said, ‘Okay, good to know.'”
CNN has more on this:
During a meeting with members of the Congressional Hispanic Caucus on Monday, President Joe Biden appeared “positive” about the idea of forgiving at least $10,000 in Americans’ student loan debt but did not make a definite commitment on the matter, according to a congresswoman in the room.
California Democratic Rep. Nanette Barragán told CNN on Tuesday that Biden and the Democrats had discussed the scope of such a plan — including whether it would include public and private institutions — but that the White House made no commitment nor specified a time frame for taking such a step.
Her comments on the discussion come amid reports that Biden strongly indicated during the meeting that he would take action on the issue through executive authority.
Some people on the left are positively giddy about this.
Cancel all student debt.
— Nina Turner (@ninaturner) April 26, 2022
It’s time for @POTUS to cancel ALL student debt. RT if you agree!
— Pramila Jayapal (@PramilaJayapal) April 26, 2022
.@POTUS has the power to transform the lives of millions of Americans by canceling student debt.
The payment pause has been a lifeline — and it’s time to deliver permanent relief.
Cancel student debt, Mr. President. https://t.co/K7KwpU6g8Q
— Elizabeth Warren (@SenWarren) April 26, 2022
It’s a terrible idea.
Why should a trucker who didn't go to college have to pay off a lawyer's student loan debt?
Because that is what Biden is proposing when he says he will "forgive" student loan debt.
— Tom Cotton (@TomCottonAR) April 26, 2022
This one will backfire more than anything he's done. https://t.co/EIhrjQKUqS
— David Harsanyi (@davidharsanyi) April 26, 2022
Frankly, considering Biden’s poll numbers, this looks like nothing more than an attempt to buy votes.DONATE
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