Biden Says He’s Sticking With Plan For $10,000 Student Loan Forgiveness Stance, Won’t Meet $50,000 Call

A rising call from House and Senate Democrats is urging President Joe Biden to use his executive powers to cancel $50,000 in student loans per person. When asked at a CNN town hall Tuesday night, Biden said he would be unwilling to meet the demands. “I will not make that happen,” Biden said in reference to the $50,000 plan. Sens. Chuck Schumer (D-New York) and Elizabeth Warren (D-Massachusetts) argue that Biden should not stop at his current $10,000 plan. “Data show that canceling the student loan debt would result in greater home ownership rates, more housing stability, improved credit scores…

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