Biden won’t do it because he takes his orders from big business. And the wealthy don’t want to lose the ability to milk future college attendees:
Congresswoman Alexandria Ocasio-Cortez has called on Joe Biden to fulfil his campaign promise to address the $1.57bn of outstanding student loan debt in the US.
Despite campaigning on the proposal to forgive $10,000 of student debt per year, up to $50,000 per adult, Mr Biden has not only failed to fulfil that promise, but he has actively walked back his support.
Lawmakers pushed him to broadly forgive $50,000 in student debt to help Americans whose debt payments cannot keep up with the accruing interest, leaving them unable to buy homes, cars and in some cases get married or consider having children.