Biden at CNN town hall said he won’t support $50K student loan plan
President Joe Biden had a clear response when asked Tuesday by a CNN town hall attendee how he would enact a $50,000 student debt forgiveness plan.
“I will not make that happen,” answered Biden.
The president’s dismissal comes as some congressional Democrats have endorsed a student debt forgiveness program that would cancel up to $50,000 in debt for most Americans.
“My point is: I understand the impact of debt, and it can be debilitating,” Biden assured. “I am prepared to write off the $10,000 debt but not $50 [thousand], because I don’t think I have the authority to do it,” said Biden, who has argued the president doesn’t have unilateral power to cancel student debt, an idea that has gained traction among progressives.
In December, Senate Majority Leader Chuck Schumer, D-N.Y., and Sen….