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2 months ago|45 views

Biden ‘Unlikely’, Wipe Out Student Loan Debt

Wochit
Wochit
Sarah Silbiger for The Washington Post via Getty Images President-elect Joe Biden told newspaper columnists on Wednesday that he was “unlikely” to pursue a plan pushed by Sens. Chuck Schumer (D-N.Y.) and Elizabeth Warren (D-Mass.) to unilaterally wipe out billions of dollars worth of student loan debt. Schumer, the Democratic leader in the Senate, had teamed with Warren, a progressive rival-turned-ally of Biden’s, to press Biden on a proposal to eliminate up to $50,000 of student loan debt per borrower.