News Biden “unlikely” to cancel $50k student loan debt by executive order

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Biden made his first public comments today in response to an ongoing campaign by progressive Democrats and consumer advocates to convince the President-Elect to enact sweeping student loan forgiveness.

Speaking candidly to The Washington Post and others in the media about the challenges he will face in January and the limitations of his executive power, Biden said, “I’m going to get in trouble for saying this . . . it’s arguable that the president may have the executive power to forgive up to $50,000 in student debt... Well, I think that’s pretty questionable. I’m unsure of that. I’d be unlikely to do that.”

Biden Says He Is “Unlikely” To Cancel $50,000 In Student Loan Debt By Executive Order

Biden made his first public comments today in response to an ongoing campaign by progressive Democrats and consumer advocates to convince the President-Elect to enact sweeping student loan forgiveness.

www.forbes.com

 

[MohamedHatfield]

Well, it's interesting to hear President Biden's take on student loan forgiveness