Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Wednesday, June 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Biden taking ‘hard look’ at student loan forgiveness

Biden signaled in his Thursday remarks that he wouldn't go as far as some activists want.

WASHINGTON (AP) — President Joe Biden said Thursday that he's “taking a hard look” at canceling additional federal student loan debt and will reach a decision within a month.

“I am considering dealing with some debt reduction,” Biden told reporters in the Roosevelt Room at the White House.

The comments came days after Biden had a private meeting with Democratic lawmakers who pressed him on the issue. One of the lawmakers, Rep. Tony Cardenas, D-Calif., said afterward that Biden disclosed he was exploring the possibility.

However, Biden signaled in his Thursday remarks that he wouldn't go as far as some activists want, saying $50,000 in debt forgiveness was not under consideration. He did not give a number for what he was considering.

Biden asks Congress to pass $33 billion in Ukrainian aid

“I'm in the process of taking a hard look at whether or not there will be additional debt forgiveness,” he said. "And I’ll have an answer on that in the next couple of weeks.”

During his campaign, Biden said he wanted to “immediately cancel” at least $10,000 in student debt per person. So far he's repeatedly extended a pause on requiring borrowers to repay their loans, a moratorium that was put in place under then-President Donald Trump near the beginning of the Covid-19 pandemic.

FDA moves to ban menthol cigarettes, flavored cigars

Although activists have been encouraged by their increasing traction on this issue, some said they were concerned that Biden wouldn't go far enough.

“President Biden, we agree that we shouldn’t cancel $50,000 in student loan debt. We should cancel all of it,” said Wisdom Cole, national director of the NAACP Youth & College Division. “$50,000 was just the bottom line.”

Join our hosts as they take you in and out of courtrooms in the U.S. and beyond.

__

By CHRIS MEGERIAN Associated Press

Categories / Education, Financial, Government, National, Politics

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...