US President-elect Joe Biden will not go out of his way to cancel $50,000 in student loan debt by executive action amid the pandemic, ignoring calls from some of the top Democrats to do so.
While speaking to journalists on Wednesday Biden prefaced his response to the student loan forgiveness plan by saying: “I’m going to get in trouble for saying this.” He then went on to call the idea of canceling it via executive powers “pretty questionable,” adding, “I’m unsure of that. I’d be unlikely to do that.”
The president-elect’s comment appears to be an outright dismissal of the plan championed by Senator Elizabeth Warren (D-MA), Minority Leader Chuck Schumer (D-NY) and also Congresswoman Ayanna Pressley (D-MA) in the House.
