After promising to address the issue during his campaign for president, Joe Biden is now weighing how much federal student loan debt should be canceled and who should benefit.
George Washington University student Kai Nilsen, left, watches as American University student Magnolia Mead as they put up posters near the White House promoting student loan debt forgiveness, Friday, April 29, 2022, in Washington. that he was considering canceling federal debt rather than simply allowing borrowers to defer payments during the pandemic.
After promising to address the issue during his campaign for president, he's now weighing how much federal student loan debt should be canceled and who should benefit.Critics caution that forgiving debt might anger voters who already paid off their loans, and Republicans describe the idea as a political giveaway in a midterm election year.
About 43 million Americans owe $1.6 trillion on their student loans, more than either credit cards or car payments. It's a growing problem for younger people, who have assumed more and more debt to finance their educations when public funding for colleges has declined.And it's a challenge that Biden has personally experienced.
Now Senate Majority Leader Chuck Schumer, D-N.Y., is calling for $50,000 in debt to be canceled and some activists want all debt wiped out without exception.Biden’s pending decision comes as he struggles to make progress on other parts of his liberal agenda that could appeal to young people, such as tackling climate change by expanding clean energy.
Celinda Lake, a Democratic pollster who worked with Biden’s campaign, didn’t see a downside to the inevitable criticism.However, the issue can still be controversial among Democrats, even evoking raw emotions at times.An older woman who had paid off her debts didn't like the idea, while a middle-aged man with children was enthusiastic.
Some of the signs went outside places where there would be parties during the weekend of the White House Correspondents’ Association Dinner. Perhaps they would catch the eye of someone influential as they walked by in a tuxedo or evening gown.
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Activists keep up pressure as Biden weighs student debt moveWASHINGTON (AP) — For student loan activists, the week began with hope as President Joe Biden gave his clearest indication that he was considering canceling federal debt rather than simply allowing borrowers to defer payments during the pandemic.
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Activists keep up pressure as Biden weighs student debt movePresident Joe Biden needs to make a decision about cancelling student debt. For student loan activists, the past week began with hope as Biden gave his clearest indication that he was considering canceling federal student debt rather than simply allowing borrowers to defer payments during the pandemic.
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Activists keep up pressure as Biden weighs student debt moveFor student loan activists, the week began with hope as President Joe Biden gave his clearest indication that he was considering canceling federal debt rather than simply allowing borrowers to defer payments during the pandemic. First, she tweeted that activists need to “ramp up” their efforts, stay “warm + fuzzy” and “fight until we win.”
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Biden, Mexico's president talk about migration and other issuesU.S. President Joe Biden and Mexico's President Andrés Manuel López Obrador spoke for 52 minutes, the White House said. Press secretary Jen Psaki called the conversation “very constructive.”
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Coons Praises U.S. Ukraine Efforts -- 'President Biden Has Done an Outstanding Job of Leading Through This'Thursday on MSNBC's 'Morning Joe,' Sen. Chris Coons (D-DE) touted President Joe Biden's efforts to support Ukraine in its ongoing war with Russia. | Clips
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Biden, Mexican President Confer on Migration, Other IssuesPresident Joe Biden discussed efforts to address the unprecedented flow of migration along the U.S. southern border in a Friday afternoon call with Mexican President Andrés Manuel López Obrador. Biden and the Mexican leader spoke for 52 minutes, the White House says. Press secretary Jen Psaki called the conversation “very constructive” and said it focused on coordination around migration and economic issues. The planned end on May 23 of the public health ban on asylum seekers could lead to a rush of migrants to the U.S.-Mexico border. López Obrador tweeted that the conversation was “cordial” and focused on “issues of interest to the bilateral relationship.”
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