White House Backtracks After Biden Blasted For Saying He Won’t Forgive $50K In Student Loan Debt

White House Backtracks After Biden Blasted For Saying He Won’t Forgive $50K In Student Loan Debt


The White House is on the defensive following backlash over President Joe Biden’s comments dismissing the possibility of forgiving up to $50,000 in student loan debt — a plan backed by Senate Democrats and a number of progressive lawmakers.

Biden told his audience, in a town hall held Tuesday night, that he would not sign on to a plan to forgive $50,000 in student loan debt for individual federal borrowers, telling a questioner, bluntly, that, “I will not make that happen.”

“My point is: I understand the impact of debt, and it can be debilitating,” Biden said, noting that his children were among those who incurred hundreds of thousands in student debt from undergraduate and graduate studies. “I am prepared to write off the $10,000 debt but not fifty because I don’t think I have the authority to do it.”

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The White House believes that Biden is able, under authority ceded to him under the Higher Education Act, to

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