Home Education White House Backtracks on Student Loan Debt Relief Within 24 Hours

White House Backtracks on Student Loan Debt Relief Within 24 Hours


White House Press Secretary Jen Psaki reversed President Joe Biden’s claim that he does not support a federal bailout for student loan debt during a press conference Wednesday.

President Joe Biden said Tuesday night at a CNN town hall that he would not support bailing out graduates with $50,000 loan forgiveness unless the legislation is narrowly tailored.

From the Biden town hall on CNN last night, this questioner asked about canceling $50,000 worth of student debt:

“What will you do to make that happen?”

“I will not make that happen.” pic.twitter.com/Y7auUT2YQZ

— The Recount (@therecount) February 17, 2021

But within twenty-four hours the White House has corrected course, saying the Administration is indeed weighing options to forgive up to $50,000 in student debt.

On student loan debt, @PressSec says POTUS has told Democratic Senators that he will ask the justice department to conduct a review on how student debt relief should be targeted.

— Kellan Howell (@kellanhowell) February 17, 2021

Pressed on the reversal, Psaki said, “He was reiterating his previous stated position, which is that he doesn’t favor $50,000 in student loan relief without limitations,” additionally noting that Biden “will ask them [the Department of Justice] to conduct a legal review of his authority to act on executive action in conjunction with a policy review from his Domestic Policy Council on how executive action debt relief, if any, should be targeted.”


Jen Psaki says President Biden “doesn’t favor $50,000 in student loan relief without limitation.” https://t.co/dTpOeennP5 pic.twitter.com/o0LxxJ9Sf3

— Forbes (@Forbes) February 17, 2021

The Justice Department has yet to assemble a team to review the unprecedented proposal because the Administration is only a month old. The bipartisan nonprofit Committee for a Responsible Budget claims that President Biden’s loan forgiveness program will ultimately do more harm than good.

“In the meantime, if Congress moves forward and sends him a package that provides him [Biden] $10,000 in school debt relief, he’d be eager to sign that,” Psaki noted.