President Biden said he is considering forgiving some federal student debt, a step that would help him fulfill a campaign promise and provide relief to borrowers.
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.
"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.
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."
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
President Biden Appoints Ala Stanford As Regional Director For Department Of Health And Human ServicesOne of the most prominent faces in the fight against COVID-19 in Philadelphia is getting a new job with the federal government.
Weiterlesen »
Vice President Kamala Harris tests positive for COVID; Joe Biden not 'close contact'President Joe Biden has not been in close contact with Harris due to their recent travel schedules, according to her press secretary.
Weiterlesen »
President Biden grants clemency to man who fed drugs into ColoradoPresident Joe Biden on Tuesday shortened the prison sentence of a California man who funneled drugs into Colorado.
Weiterlesen »
President Biden to visit Alabama next weekPresident Joe Biden has scheduled a trip to Alabama, according to the White House.
Weiterlesen »
Biden blues: New book says Obama is jealous of presidentIn public, former President BarackObama and President JoeBiden exhibit a deep bond, but behind the scenes, their rapport is fraught with tension, according to a new book.
Weiterlesen »