Biden Wants To Help Pay Some Student Loans, But There's Pressure To Go Further
The president-elect called for immediate action to help borrowers who are "having to make choices between paying their student loan and paying the rent."
President-elect Joe Biden has affirmed his support for erasing some student debt "immediately."
Student debt forgiveness was a major campaign plank of some of his more progressive rivals for the Democratic nomination, but it remains controversial even among some Democrats.
In answer to a question at a Monday press conference, Biden repeated his support for a provision passed as on Oct. 1. The provision calls for the federal government to pay off up to $10,000 in private, nonfederal student loans for "economically distressed" borrowers. Biden specifically highlighted "people ... having to make choices between paying their student loan and paying the rent," and said the debt relief "should be done immediately."
