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1:05Now PlayingBiden suggests possible student loan forgiveness | USA Today
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1:05Now PlayingFacing pressure to offer debt relief to student loan borrowers, President Joe Biden promised a plan in coming weeks.
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As pressure grows from progressives to offer relief for student loan borrowers, President Joe Biden said Thursday he is considering using executive authority in the coming weeks to cancel student loan debt — but less than $50,000.
"I am considering dealing with some debt reduction," Biden said to a question from USA TODAY. "I'm in the process of taking a hard look at whether or not ... there will be additional debt forgiveness and I'll have an answer on that in the next couple of weeks."
Biden did not answer when asked what amount he's looking at canceling.
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