We need student loan forgiveness not in the possible $10,100000 your administration has actually proposed

At the a Feb. sixteen CNN urban area hall, Biden are confronted by new student loan personal debt thing of the an enthusiastic listeners associate, Joycelyn Seafood from Racine, Wisconsin.

But universities for instance the Ivy Group colleges aren’t an element of the resources of education loan debt, with regards to the Agency off Studies

“The new American Fantasy is to try to succeed,” Seafood told you. “But how can we see that fantasy whenever debt is actually of a lot mans only option to have a qualification? We require at the very least a good $50,100 lowest. What will you do and also make one to happen?”

“I will not make that happen,” Biden told you. He quoted the fresh new theoretical students off universities particularly “Harvard and you will Yale and you can Penn,” saying one to forgiving their figuratively speaking do divert “huge amounts of bucks” that would be spent on early training.

New Senate bill needing student loan obligations forgiveness could have been referred to the fresh new Panel to your Wellness, Education, Work, and you can Pensions

Very few individuals hop out colleges eg Harvard and you will Yale that have beginner financing loans, as well as less are in financial trouble several years afterwards, according to the Education Agencies.