Biden says he’s now considering wiping ‘substantial’ amount of $1.6tn owed by 43 MILLION student loan borrowers – far more than the $10,000-per-student he proposed while running for presidency

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  • Joe Biden said he was thinking about forgiving student debt but failed to provide specifics 
  • Has raised speculation he’s now planning to cancel far more than the $10,000-per-student he proposed while running for presidency
  • Progressive Democrats have called for all student debt to be forgiven  
  • U.S. Rep. Tony Cardenas said the president suggested a plan to canceling some debt for the 43 million students holding $1.6 trillion in loans on Monday
  • The White House has yet to provide the logistics on how student loan forgiveness would work with a deadline set for August 31
  • It comes after the Department of Education elected to once again extend the halt on student loan repayments until the end of August 
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www.dailymail.co.uk/news/article-10757691/Biden-considers-forgiving-federal-student-loan-debt-43-million-borrowers.html

 

h/t  Boo_Randy

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