President-elect Joe Biden has affirmed his support for erasing some student debt “immediately.”
Student debt forgiveness was a major campaign plank of some of his more progressive rivals for the Democratic nomination, but it remains controversial even among some Democrats.
In answer to a question at a Monday press conference, Biden repeated his support for a provision passed as part of the HEROES Act, which the Democratic-controlled House updated on Oct. 1. The provision calls for the federal government to pay off up to $10,000 in private, nonfederal student loans for “economically distressed” borrowers. Biden specifically highlighted “people … having to make choices between paying their student loan and paying the rent,” and said the debt relief “should be done immediately.”
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