Biden says he's breaking campaign pledge
to provide 'limited' student loan forgiveness
and is now considering wiping 'substantial'
amount of $1.6tn owed by 43,000 borrowers
Posted By: Imright, 4/27/2022 5:13:19 AM
Joe Biden is considering reneging on a campaign promise to cancel limited amounts of student debt, and is now mulling far more substantial coverage of the $1.6trillion in debt owed by 43,000 people. Biden alluded to his plan during a meeting on Monday with the Congressional Hispanic Caucus, where he told Rep. Tony Cardenas, a California Democrat, that he had plans that would please the group.The president previously supported canceling up to $10,000 of debt per student, but is now said to be open to forgiving a larger - if unspecified amount.It also remains unclear exactly how many students could be affected,
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According to CBS News:
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