President-elect Joe Biden said Congress should take “immediate” action to forgive student loan debts.
Biden’s appeal comes after Senate Minority Leader Chuck Schumer (D-NY) said Biden should take executive action to waive student debt after he takes office.
A Biden official told Fox News that the president-elect is calling for “immediate” action to forgive $10,000 of student loan debt for borrowers — but that the action should take place in Congress.
“Immediate $10,000 forgiveness of student loans, helping people up there in real trouble,” Biden said Monday. “They’re having to make choices between paying their student loan and paying the rent. Those kinds of decisions.”
Biden added: “It should be done immediately.”
The official later said Biden was referring to congressional action.
Schumer and Sen. Elizabeth Warren (D-Mass.) advanced a plan saying Biden could use his executive authority to cancel up to $50,000 of student debt per borrower.
“I have a proposal with Elizabeth Warren that the first $50,000