Schumer: Biden ‘Considering’ Forgiving $50,000
in Student Loan Debt via Executive Action
Posted By: NorthernDog, 12/7/2020 6:52:45 PM
President-elect Joe Biden is “considering” forgiving $50,000 in federal student loan debt for low-income and middle class students, Senate Minority Leader Chuck Schumer (D., N.Y.) said Monday. Schumer held a press conference alongside Democratic Congressmen-elect Ritchie Torres, Mondaire Jones and Jamaal Bowman of New York, during which the group announced they have “come to the conclusion” that Biden can “forgive $50,000 of debt the first day he becomes president.” “You don’t need Congress, all you need is the flick of a pen and President-elect Biden — then President Biden — can make this happen,” Schumer said. (Tweet) He added that
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Comments:
Car loans too, right? It's also 'unfair' that many students have credit card debt. Just forgive it!