Biden says he’s ‘unlikely’ to cancel $50,000 in student debt, dispelling notion of leading ‘most progressive’ administration

While speaking to journalists on Wednesday Biden prefaced his response to the student loan forgiveness plan by saying: “I’m going to get in trouble for saying this.” He then went on to call the idea of canceling it via executive powers “pretty questionable,” adding, “I’m unsure of that. I’d be unlikely to do that.”

The president-elect’s comment appears to be an outright dismissal of the plan championed by Senator Elizabeth Warren (D-MA), Minority Leader Chuck Schumer (D-NY) and also Congresswoman Ayanna Pressley (D-MA) in the House.

Asking for cancelling up to $50,000 in debt for federal student loan borrowers, @SenSchumer is joined this morning by congressmen-elect @RitchieTorres @MondaireJones and -via iPad- @JamaalBowmanNY. They say president-elect @JoeBiden can do it executively once he’s sworn in. @NY1 pic.twitter.com/UnMG7KrTUY

— Juan Manuel Benítez (@JuanMaBenitez) December 7, 2020