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

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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