The White House is leaving open the possibility of President Biden forgiving $50,000 in federal student debt for some people, despite him seeming to dismiss the idea less than 24 hours earlier.
Biden doesn’t “favor” $50,000 in student loan forgiveness “without limitation,” White House press secretary Jen Psaki told reporters Wednesday.
“He said previously that relief about $10,000 should be targeted, based on the borrower’s income, based on the kind of debt in question,” she said.
Psaki’s comments come as Democratic Senate Majority Leader Chuck Schumer, facing pressure from potential primary challenger New York Rep. Alexandria Ocasio-Cortez, and Massachusetts Sen. Elizabeth Warren quickly criticized Biden for suggesting during a CNN town hall Tuesday evening that he has the executive authority to forgive $10,000 in student loans but not $50,000.
“Once his team is in place at the Justice Department, and they are not, of course, there, they’re not confirmed at this point, he will ask them to