Biden Backs Off Debt Forgiveness
President Biden said that he does not support student loan forgiveness up to $50,000 per person. He does support measures to forgive up to $10,000 per person though.
Legislation has been put forward by Senators Elizabeth Warren and Chuck Schumer that would do just that: Forgive up to $50,000 per person. When asked about it, the President on Tuesday said he would “not make that happen.”
He mentioned that his three children graduated with 6-figure student debt and managed to pay it off over time.
“I don’t think anybody should have to pay for that, but I do think you should be able to work it off.”
So you shouldn’t have to do that but you should be able to do it? We are not following this logic.
The President supports a plan to offer free community college to students from families that earn less than $125,000 per year.