President Biden Says He Will Not Support $50K In Student Debt Forgiveness! "I Will Not Make That Happen"

President Biden spoke on student debt. In response to a question about whether he would favor $50,000 in student loan forgiveness per borrower, Biden said that he would not support that amount, and would “not make that happen.” Biden suggested he was against a larger amount of student loan forgiveness because it would benefit borrowers who went to more expensive and elite private universities, “like Harvard and Yale and Penn.” And he expressed concerns that the costs associated with a higher amount of student debt cancellation would make it harder to enact other policies, like free community college and early childhood education.