Report: Latest White House Plan Would Cancel $10,000 of Student Loan Debt

The Biden administration is reportedly crafting a plan that would see $10,000 of student debt erased, according to reports.

While members of the far-left have begged President Joe Biden to do something about student loan debt since taking office, little has been done. This should come as no surprise, as Biden made it abundantly clear at the beginning of his presidency that he would not cancel student loan debt in a significant way. During a town hall event in February 2021, Biden admitted that he was not keen on the larger figure, indicating that he was not willing to unilaterally cancel up to $50,000 in student loan debt per borrower. His remarks prompted a brief scramble from the White House, which clarified that Biden was simply open to doing so via other avenues:

But in the past year, far-left politicians — including Senate Majority Leader Chuck Schumer (D-NY), Sen. Bernie Sanders (I-VT), and Reps. Rashida Tlaib (D-MI), Ilhan Omar (D-MN), Pramila Jayapal (D-WA), Ro Khanna (D-CA), and more have continued to demand the administration take action. Several gathered for a rally last month:

One month later, there are rumblings of the administration offering a plan to cancel $10,000 in student loan debt, “three people with knowledge of the matter said,” according to the Washington Post – READ MORE