Pres. Biden Taking 'Hard Look' At Loan Forgiveness, But Not $50K

The transcript discusses the topic of student loan debt forgiveness. It begins with an overview of the current state of student loan debt cancellation and the consideration of expanding forgiveness. The speaker mentions that while a $50,000 forgiveness per borrower is unlikely, there is an ongoing evaluation of potential debt reduction. The transcript also highlights a campaign promise made in 2020 to forgive up to $10,000 of debt per borrower and the subsequent political pressure to fulfill this promise.

What amount of student loan forgiveness is the speaker considering?

• No debt reduction at all

• Some debt reduction, but not $50,000

• $10,000 per borrower

• $50,000 per borrower

What is the speaker currently evaluating regarding student loans?

• Eliminating student loans entirely

• Increasing interest rates

• Additional debt forgiveness options

• Reducing tuition fees

When does the speaker plan to provide an answer about additional debt forgiveness?

• In the next couple of years

• In the next couple of months

• In the next couple of weeks

• In the next couple of days

What was the campaign promise made in 2020 regarding student loans?

• Forgive no student loan debt

• Forgive all student loan debt

• Forgive up to $10,000 of debt per borrower

• Forgive up to $50,000 of debt per borrower

Who is pressuring the speaker to fulfill the campaign promise?

• Democrats

• Independents

• Republicans

• Libertarians