Michael ArceneauxMay 11, 2022, 4:44 PM·8 min readIn this article:

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• Joe Biden46th and current president of the United States

Student loan borrowers and the Too Much Talent band thank President Joe Biden and Vice President Kamala Harris for extending the student loan pause and now demand that they cancel student debt at a gathering outside The White House on Jan. 13, 2022 in Washington, D.C. (Photo: Paul Morigi via Getty Images)

After months of being pressured by members of his own party, President Joe Biden recently revealed that he is “taking a hard look” into forgiving some federal student loan debt ― only perhaps not nearly as much as some have called for.

“I am considering dealing with some debt reduction,” Biden told reporters at the White House. “I am not considering $50,000 debt reduction. But I’m in the process of taking a hard look at whether or not there will be additional debt forgiveness.”

As for how long that “hard look” will take in terms of his decision making, Biden said he would have an answer on forgiving additional debt in the “next couple of weeks.” The remarks came days after separate reports surfaced that Biden expressed a similar sentiment during a meeting with the Congressional Hispanic Caucus. Rep. Tony Cárdenas (D-Calif.), who attended the meeting, explained that Biden never mentioned a specific amount he was looking to cancel, but noted the president claimed, “You’re going to like what I do.”

That remains to be seen, but as someone that has suffered greatly under the weight of federal and private student loan debt since graduating from college, I hope Biden not only uses this time to give it real consideration, but to not allow stinginess to be his guiding light should he proceed with cancellation plans.

Of course, Biden never made student loan debt a central theme of his campaign the way Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.) did in the 2020 Democratic presidential primary, but their policy proposals to eliminate either all or significant portions of student loan debt prompted then-candidate Biden to pledge to forgive $10,000 in student loan debt for every borrower.

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