Biden Tells Hispanic Caucus He's Exploring Options to Cancel Student Debt

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'The president is changing his message on student debt cancellation. This is a sign that we are winning,' says DebtCrisisOrg.

Debt cancellation supporters doubled down on their demands in early April when Biden extended the moratorium on student loan repayments through the end of August. Polling has consistentlyOne unnamed lawmaker who attended the Monday meeting toldthat"they're looking at different options on what they can do. On forgiving it entirely. That was our request."Rep. Tony Cárdenas initially raised the issue with Biden during the meeting.

Cárdenas said he then urged the president to issue an executive order to relieve at least $10,000 in student loan debts per person. In making his case, Cárdenas said he told Biden that Latinos in the United States who are carrying student debt still have more than 80 percent of their bill due after more than a dozen years.The newspaper added that"another lawmaker in attendance, Rep.

Uncertainty over what Biden—who only campaigned on canceling at least $10,000 for federal borrowers—may do to address the student debt crisis comes as Democrats face a looming battle for control of Congress in this year's midterm elections.that"as far as the president going out and talking about student loan cancellation with different groups, I do think that's a very good sign."

"I think the president is starting to recognize that student debt cancellation is very popular," Hounanian added."It's very popular with specific groups of voters that the president needs to win for this upcoming election, and the fact that he's using debt cancellation as a tool from which to talk to these communities, to me that's a little bit of a change."

 

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