Biden Allies Keep Up Pressure for $50,000 in Student Loan Relief
- Clyburn says forgiving school debt would help economy
- Biden has said he’s not willing to go as high as advocates
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A close ally of President Joe Biden said congressional Democrats will keep up pressure on him to use his executive authority to forgive as much as $50,000 in student loan per borrower rather than the more limited plan being considered by the White House.
“When you see a student coming out of college -- law school or professional schools -- with $130,000, $150,000 in debt, that cripples the economy in more ways than one,” Representative James Clyburn, a South Carolina Democrat, said in an interview Saturday. “So the extent to which you can give some relief I think will stimulate the economy in many ways.”