HEAT ALERT

Dangerous heat continues today in the Bronx for the first day of summer

Biden taking 'hard look' at student loan forgiveness

President Joe Biden said Thursday that he's “taking a hard look” at canceling additional federal student loan debt and will reach a decision within a month.

News 12 Staff

Apr 28, 2022, 4:35 PM

Updated 784 days ago

Share:

Biden taking 'hard look' at student loan forgiveness
WASHINGTON (AP) — President Joe Biden said Thursday that he's “taking a hard look” at canceling additional federal student loan debt and will reach a decision within a month.
“I am considering dealing with some debt reduction,” Biden told reporters in the Roosevelt Room at the White House.
The comments came days after Biden had a private meeting with Democratic lawmakers who pressed him on the issue. One of the lawmakers, Rep. Tony Cardenas, D-Calif., said afterwards that Biden disclosed he was exploring the possibility.
However, Biden signaled in his Thursday remarks that he wouldn't go as far as some activists want, saying $50,000 in debt forgiveness was not under consideration. He did not give a number for what he was considering.
“I'm in the process of taking a hard look at whether or not there will be additional debt forgiveness,” he said. "And I’ll have an answer on that in the next couple of weeks.”
During his campaign, Biden said he wanted to “immediately cancel” at least $10,000 in student debt per person. So far he's repeatedly extended a pause on requiring borrowers to repay their loans, a moratorium that was put in place under then-President Donald Trump near the beginning of the COVID-19 pandemic.
Although activists have been encouraged by their increasing traction on this issue, some said they were concerned that Biden wouldn't go far enough.
“President Biden, we agree that we shouldn’t cancel $50,000 in student loan debt. We should cancel all of it,” said Wisdom Cole, national director of the NAACP Youth & College Division. “$50,000 was just the bottom line.”


More from News 12
1:58
NYPD: Mother arrested for leaving two children in her car in University Heights

NYPD: Mother arrested for leaving two children in her car in University Heights

2:00
HEAT ALERT: Hazy heat sticks around through Friday in the Bronx; tracking weekend thunderstorms

HEAT ALERT: Hazy heat sticks around through Friday in the Bronx; tracking weekend thunderstorms

0:26
Building facade partially collapses along Bailey Avenue

Building facade partially collapses along Bailey Avenue

0:25
NYPD: Two people shot on Grand Concourse; teenager in critical condition

NYPD: Two people shot on Grand Concourse; teenager in critical condition

1:55
Pelham Parkway student receives $10,000 college scholarship at Manhattan College

Pelham Parkway student receives $10,000 college scholarship at Manhattan College

2:55
FDNY: Dunkin', other businesses affected by massive fire in Melrose

FDNY: Dunkin', other businesses affected by massive fire in Melrose

0:59
Mayor announces over $1 billion set aside to create new jobs for New Yorkers

Mayor announces over $1 billion set aside to create new jobs for New Yorkers

1:54
Feeling dehydrated? Water intake calculator can help you stay safe during hot weather

Feeling dehydrated? Water intake calculator can help you stay safe during hot weather

0:26
​​Thursday marks 6-year anniversary of death of 'Junior' Guzman-Feliz

​​Thursday marks 6-year anniversary of death of 'Junior' Guzman-Feliz

2:24
Health experts urge Bronx swimmers to stay safe before heading into the ocean to cool off

Health experts urge Bronx swimmers to stay safe before heading into the ocean to cool off

0:19
Police: 23-year-old shot in the arm in Fordham; 2 suspects wanted

Police: 23-year-old shot in the arm in Fordham; 2 suspects wanted

1:48
Cafeteria Serie 54 brings a piece of the Dominican Republic to the Bronx

Cafeteria Serie 54 brings a piece of the Dominican Republic to the Bronx

1:59
Fordham bodega worker shot, UBA calls on city to bring back stop-and-frisk

Fordham bodega worker shot, UBA calls on city to bring back stop-and-frisk

1:54
66-year-old man hospitalized after reports of drowning

66-year-old man hospitalized after reports of drowning

0:57
Table of Queens crowning ceremony in Bathgate

Table of Queens crowning ceremony in Bathgate

1:55
Juneteenth ceremony held at Van Cortlandt House Museum

Juneteenth ceremony held at Van Cortlandt House Museum

0:36
Bill proposed in City Council looks to extend NYC public pool season

Bill proposed in City Council looks to extend NYC public pool season

0:32
Gov. Hochul announces more than 100 illegal cannabis shops were shut down and padlocked

Gov. Hochul announces more than 100 illegal cannabis shops were shut down and padlocked

2:46
‘People have worked so hard.’ Woman who helped make Juneteenth a national holiday visits New Jersey

‘People have worked so hard.’ Woman who helped make Juneteenth a national holiday visits New Jersey

0:29
Police identify 16-year-old fatally shot in the head in Morrisania

Police identify 16-year-old fatally shot in the head in Morrisania