{"id":1459000,"date":"2022-04-30T13:14:39","date_gmt":"2022-04-30T17:14:39","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1459000"},"modified":"2022-04-30T13:14:43","modified_gmt":"2022-04-30T17:14:43","slug":"biden-considering-10000-student-loan-forgiveness-per-borrower","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-considering-10000-student-loan-forgiveness-per-borrower\/","title":{"rendered":"Biden Considering $10,000 Student Loan Forgiveness Per Borrower"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-considering-10000-student-loan-forgiveness-per-borrower%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1459000&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<aside id=\"right1forarticles\">\n<\/aside>\n<div id=\"ob-read-more-selector\">\n<p>The Biden administration is taking steps to act on a campaign promise to cancel massive student loan debt according to <a href=\"https:\/\/thehill.com\/news\/administration\/3471781-biden-mulls-forgiving-10000-in-student-loans-per-borrower\/\" target=\"_blank\" rel=\"noopener noreferrer\">sources<\/a> at The Hill. The administration is looking to take executive action to forgive $10,000 per borrower with sources claiming even bigger options are on the table.<\/p>\n<p>President Joe Biden\u2019s move to forgive $10,000 per borrower would clear loans for 15 million of 46 million borrowers, Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-29\/biden-eyes-targeted-student-loan-forgiveness-starting-at-10-000?srnd=premium&#038;sref=KQPtNSUL\" target=\"_blank\" rel=\"noopener noreferrer\">reported<\/a>. Such action would clear <a href=\"https:\/\/libertystreeteconomics.newyorkfed.org\/2022\/04\/who-are-the-federal-student-loan-borrowers-and-who-benefits-from-forgiveness\/\" target=\"_blank\" rel=\"noopener noreferrer\">$321 billion of federal student loans<\/a> and would completely wipe out student debt for almost 12 million people, CNBC <a href=\"https:\/\/www.cnbc.com\/2022\/04\/28\/biden-says-hes-not-considering-50000-in-student-loan-forgiveness-.html\" target=\"_blank\" rel=\"noopener noreferrer\">noted<\/a>.<\/p>\n<p>The White House has not set an official timeline on the executive action, but some legislators reportedly worry the move could worsen already heightened inflation ahead of the November midterms. <strong><a href=\"https:\/\/dailycaller.com\/2022\/04\/19\/education-department-joe-biden-student-loan-debt\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: Biden Admin Announces Massive Expansion Of Student Loan Forgiveness)<\/a>\u00a0<\/strong><\/p>\n<p>\u201cI would see that as a good first step. Whatever he [Biden] feels comfortable doing, fine. And I\u2019m going to do whatever I feel comfortable doing,\u201d Majority Whip <span class=\"person-popover\" data-nid=\"5338\">James Clyburn<\/span> <a href=\"https:\/\/thehill.com\/news\/administration\/3471781-biden-mulls-forgiving-10000-in-student-loans-per-borrower\/\" target=\"_blank\" rel=\"noopener noreferrer\">told<\/a> The Hill. Clyburn has allied with the Biden Administration though he admits $10,000 is not enough, according to The Hill\u2019s <a href=\"https:\/\/thehill.com\/news\/administration\/3471781-biden-mulls-forgiving-10000-in-student-loans-per-borrower\/\" target=\"_blank\" rel=\"noopener noreferrer\">report<\/a>. He continues to work with Senator Elizabeth Warren and others to forgive upwards of $50,000 of student debt per borrower.<\/p>\n<p>Biden <a href=\"https:\/\/www.cnbc.com\/2022\/04\/28\/biden-says-hes-not-considering-50000-in-student-loan-forgiveness-.html\" target=\"_blank\" rel=\"noopener noreferrer\">stated<\/a> Thursday that he is not considering $50,000 in forgiveness per borrower, but he did recently issue <a href=\"https:\/\/dailycaller.com\/2022\/04\/06\/joe-biden-student-loan-moratorium-department-of-education-miguel-cardona\/\" target=\"_blank\" rel=\"noopener noreferrer\">another extension<\/a> of the pandemic pause on federal student loan payments. The White House <a href=\"https:\/\/www.forbes.com\/sites\/zackfriedman\/2021\/12\/15\/biden-will-cancel-student-loans-but-congress-hasnt-passed-legislation\/?sh=113c8a12e78f\" target=\"_blank\" rel=\"noopener noreferrer\">said<\/a> if Congress passed a bill canceling student debt the president would sign it into law.<\/p>\n<p>This week, Senate Minority Whip John Thune introduced a <a href=\"https:\/\/www.thune.senate.gov\/public\/index.cfm\/press-releases?ID=E2537855-FF90-402C-834F-32968A3C22AB\" target=\"_blank\" rel=\"noopener noreferrer\">bill<\/a> to stop the Biden administration from canceling debt. \u201cAfter a huge increase in our national debt thanks to the pandemic and reckless Democrat spending, the government does not need to be forgoing billions of dollars by providing student loan relief to Americans with some of the highest earning potential,\u201d Thune <a href=\"https:\/\/www.thune.senate.gov\/public\/index.cfm\/press-releases?ID=15B823DD-C9EE-45FA-B4FE-DD20389E8C33\" target=\"_blank\" rel=\"noopener noreferrer\">wrote<\/a> in a statement.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration is taking steps to act on a campaign promise to cancel massive student loan debt according to sources at The Hill. The administration is looking<\/p>\n","protected":false},"author":732,"featured_media":1481091,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1459000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1459000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/732"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1459000"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1459000\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1481091"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1459000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1459000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1459000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}