President Joe Biden has indicated that he may take action to cancel up to $10,000 of student debt per borrower “soon” in a meeting with Democratic Representative Tony Cardenas.
Canceling some student debt could provide Democrats with a boost in the upcoming midterm elections where the party is facing potential defeat. Republicans have come out strongly against student loan forgiveness.
Cardenas, who represents California’s 29th congressional district, said in an interview on Wednesday that Biden had told him during a meeting on Monday that steps on student loan forgiveness could be coming in the near future.
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