The Biden administration on Thursday indicated that the President is actively considering whether to enact widespread student loan forgiveness of up to $50,000. But no decision has yet been made.
At a Politico Playbook event on Thursday, White House Chief of Staff Ron Klain indicated that Biden has asked newly-appointed Secretary of Education Miguel Cardona to put together a memo outlining potential legal authorities that would allow him to enact broad student loan cancellation of up to $50,000.
Those of us who do not get fifty grand will be voting Repub. Make it 15 grand and give it to us all. The initial cost is one billion but to get it passed will require another 100 billion in checks to the rest of us.
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