(GNB Desk): At a town hall hosted by CNN on Tuesday night, Biden expressed reluctance in forgiving up to $50,000 in federal student loans, saying, “I will not make that happen.”
Presidnet Biden said- “I’m prepared to write off $10,000 debt, but not $50,000, because I don’t think I have the authority to do it by signing” an executive order”.
“During a CNN town hall on Tuesday, an attendee asked Biden about Senate Majority Leader Chuck Schumer and Sen. Elizabeth Warren’s proposal to cancel up to $50,000 in federal student debt per borrower.
On Wednesday, Democratic leaders pushed back on Biden’s statement and said they will continue to pressure the US president on this subject.
‘It depends on whether or not you go to a public university or a private university,’ Biden said. The president said doesn’t want to forgive the debts of people who attended elite schools such as Harvard and Yale who often go on to make high salaries.”
Chuck Schumer and Elizabeth Warren said they will keep pressuring President Joe Biden to wipe out student loan debt after he shot down a proposal at a town hall.
Senate majority leader Chuck Schumer said on Twitter “President Biden has the power to cancel student loan debt by executive action. It would help close the racial wealth gap, and give a big boost to families and our economy. Sen. Warren and I will keep fighting for President Biden to Cancel Student Debt”.
Sen. Elizabeth Warren also issued a statement via twitter- “President Biden has the authority to cancel $50,000 of student loan debt. Sen. Schumer and I are urging him to act. Here’s our statement.
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