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Democrats call on Biden for student loan forgiveness

WASHINGTON, D.C. — Democrats are proposing a resolution that calls on President Joe Biden to forgive student loan debt amid the coronavirus pandemic.
Senate Maj. Leader Chuck Schumer (D-NY), along with Sen. Elizabeth Warren (D-MA) and other Democrats held a news conference Thursday to introduce their resolution.
The measure calls on the White House to forgive $50,000 in student debt for all borrowers by executive action.

“We are here today to introduce our proposal to cancel 50,000 in student debt and take a huge burden off so many people in America,” Schumer said. “College should be a ladder up, for too many people, debt is the anchor that ways them down and they rarely overcome it.”
President Biden has expressed hesitation about canceling student debt through executive actions.
White House Press Secretary Jen Psaki said Thursday that president Biden supports Congress passing legislation to forgive $10,000 in federal student loans per person due to the COVID-19 pandemic.

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