Biden taking 'hard look' at student loan debt but 'not considering' forgiving $50,000 per borrower

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President Biden said he's considering ways to deal with reducing student debt burdens, but forgiving $50,000 in loans isn't in the cards.

"I am considering dealing with some debt reduction. I am not considering $50,000 debt reduction," Biden said at the White House after unveiling new funding for Ukraine."But I'm in the process of taking a hard look at whether or not there are going -- there will be additional debt forgiveness, and I'll have an answer on that in the next couple of weeks."Biden has been under pressure to fulfill a campaign promise to deal with student loan debt.

Read MoreBarragán told CNN on Tuesday that Biden and the Democrats had discussed the scope of such a plan -- including whether it would include public and private institutions -- but that the White House made no commitment nor specified a time frame for taking such a step. Her comments on the discussion came after reports that Biden strongly indicated during the meeting that he would take action on the issue through executive authority.

 

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But when it comes to giving money overseas he ain't got to talk to nobody. Israel here is a billion dollars. Ukraine here's several billion dollars. American Homeless I need to talk to the committee who needs to talk to the committee to vote on whether or not to help.

After all this time I took up for you against the trumptards etc and you do this to us Biden!!!

I couldn't go to college because we couldn't afford it. Now we want to wipe out the debt of people who decided they could afford it? I'm sorry but, that's not fair unless I can have something worth as much.

He’s gonna to run on this during reelection time.

At least there is one thing i agree with Biden on....

Coddling a privileged generation. Lots of self esteem and noise with few accomplishments. Sure, let’s reward that

I paid for my college. Went a year worked to pay for it. If you bought it, you bet on yourself. Now pay for it yourself.

Biden has always against canceling student loan. The $10k he promised was just a ruse to appease Progressive Democrats. He is quick to give trillions to other countries and Ukraine conflict. Progressive can show their displeasure on midterm elections.

I’m all for canceling interest on the debt BUT you signed the paper and you should pay!!!! Charity makes you lazy!!!

And neither is voting blue. Forgive it or lose my vote

Lobbies took their whip out huh? Guess being the candidate who took more money in the history of the world has its consequences.

How about making them easier to pay off? Consolidate them, lower the interest rate

Is it called “Learn personal responsibility and make better life decisions.”?

POTUS 乔,听说你已经死了??!

Education should never have been a for profit institution

Looks like payments aren’t in the cards 🤷🏻‍♀️

Oh, it’s in the cards…

Interest rates have kept students in debt longer. They have paid way over what the education cost, which was also high. And they don’t make the salary to catch up. At least knock off all that interest paid extra that’s weighed them down. Rs tax break for wealthy was a payoff

He's dealing with it...you heard him. Doesn't remember his name but is dealing with this. Okay.

NOTE: EVERYTHING that POTUS stated to the American people, is a TOTAL lie! The war in Ukraine is NOW America's war. Biden has JUST placed the burden of this war on the backs of hard-working Americans by using our tax dollars to fund it - while people struggle to live! SHAME!

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