
Biden taking 'hard look' at student loan debt but 'not considering' forgiving $50,000 per borrower
CNN
President Joe Biden said Thursday 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. He signaled to lawmakers at a White House meeting this week he would take steps to address the problem.
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