President Joe Biden has signaled he might forgive some student loan debt and further extend the federal moratorium on repayments, a lawmaker who discussed the issue with him said Wednesday.
WASHINGTON — President Joe Biden has signaled he might forgive some student loan debt and, a lawmaker who discussed the issue with him said Wednesday.
Cardenas said he then asked about forgiving at least $10,000 in debt for each student, which he said the caucus believes Biden can do using executive powers. That would preclude the need for legislation from Congress, where there is Republican opposition. “Desperate polls call for desperate measures: Dems consider forgiving trillions in student loans,” Sen. Mitt Romney, R-Utah, tweeted mockingly Wednesday. “Other bribe suggestions: Forgive auto loans? Forgive credit card debt? Forgive mortgages? And put a wealth tax on the super-rich to pay for it all. What could possibly go wrong?”
Some Democrats fear providing loan relief to students who attended expensive private universities would provide an easy campaign target for Republicans in this fall's elections for control of Congress.
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