News

Biden Says He’s Sticking With Plan For $10,000 Student Loan Forgiveness Stance, Won’t Meet $50,000 Call

A rising call from House and Senate Democrats is urging President Joe Biden to use his executive powers to cancel $50,000 in student loans per person. When asked at a CNN town hall Tuesday night, Biden said he would be unwilling to meet the demands.

“I will not make that happen,” Biden said in reference to the $50,000 plan. Sens. Chuck Schumer (D-New York) and Elizabeth Warren (D-Massachusetts) argue that Biden should not stop at his current $10,000 plan. “Data show that canceling the student loan debt would result in greater home ownership rates, more housing stability, improved credit scores, higher incomes, higher GDP, more small business formation and more jobs,” Warren said in a statement on Thursday.

Biden is supporting a $10,000 loan forgiveness program as confirmed by White House Press Secretary Jen Psaki. “The President has and continues to support canceling $10,000 of federal student loan debt per person as a response to the Covid crisis,” Psaki said last Tuesday, specifying that Biden expects Congress to draft the forgiveness proposal.

Joe and his wife Jill Biden are advocates for increased access to education. The couple staunchly supports making community college free for all who wish to attend and making public four-year universities free for students with families making less than $125,000 a year.

Subscribe to our free weekly newsletter!

A week of political news in your in-box.
We find the news you need to know, so you don't have to.

Brandon Mumei

Recent Posts

Democrats Attack Green Party Nominee Jill Stein In New Ad

A new ad about Green Party candidate Jill Stein has been released by Vice President Kamala Harris'…

12 hours ago

Jennifer Lopez Says Trump ‘Offended Every Latino In The Country’ With MSG Joke At Harris Rally

https://youtu.be/inbJpo6D4BQ Jennifer Lopez, campaigning with Kamala Harris on Oct. 31 in Nevada, said Donald Trump’s…

12 hours ago

Trump National Security Adviser Michael Flynn Says ‘Gates Of Hell’ Will Be Opened On Opponents If Trump Is Reelected

Former National Security Adviser Michael Flynn declared that the "gates of hell" would be unleashed if former…

2 days ago

VIDEO: Kamala Harris Hugs First Person In Line For Her Ellipse Rally, Chats With Her Mom

https://youtu.be/JQCdk-71tG0 Democratic presidential nominee Kamala Harris met with the woman who was the first in…

2 days ago

VIDEO: Harris Vows To Put ‘Country Above Party’ In Front Of 75,000 People At The Ellipse

https://youtu.be/xc72fdqkaVc Vice President Kamala Harris vowed to put “country above party and above self” as…

3 days ago

Trump-Friendly Judge Aileen Cannon In The Running For Attorney General If Former President Wins Second Term

U.S. District Judge Aileen Cannon has reportedly been placed on a list of potential attorney general candidates…

3 days ago