Former Vice President Joe Biden endorsed a long-sought item on the progressive wish-list this week by pledging to sign any bill that cancels student debt.
On Monday, Biden gave his support for a key provision in House Democrats’ $2.2 trillion HEROES Act updated in October to include student loan forgiveness for up to $10,000 in private, nonfederal student loans for the “economically distressed.”
“Immediate $10,000 forgiveness of student loans, helping people up there in real trouble,” Biden said, should come from Congress. “It should be done immediately.”
True to form however, progressives want more.
In September, Sens. Chuck Schumer of New York and Elizabeth Warren of Massachusetts put forward a proposal for individuals to cancel student debt up to $50,000. The senators say the next president doesn’t need congressional approval to take such action, and pointed to a Harvard legal opinion that the decision to cancel student debt rests with the president and the education secretary since the Department