Biden might forgive $10K in student loans. How much education does that get someone?

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  • President Joe Biden said he will consider using executive power toward student loan forgiveness.
  • The president has proposed less than the $50K in forgiveness debt advocates have asked for.
  • $10K covers little in tuition, fees, room and board.

President Joe Biden has faced consistent pressure from progressive Democrats and student debt relief proponents to forgive student loan debt for about 41 million borrowers. 

In response, Biden announced Thursday he is considering using his presidential authority to cancel at least some debt. But, he emphasized, that he intends to allow less than $50,000 in forgiveness.

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