Student loan forgiveness: Don’t expect $50K in relief, says Biden

WASHINGTON, DC – APRIL 28: President Joe Biden addresses a joint session of Congress, with Vice President Kamala Harris and House Speaker Nancy Pelosi (D-Calif.) on the dais behind him, on Wednesday, April 28, 2021. Biden spoke to a nation seeking to emerge from twin crises of pandemic and economic slide in his first speech to a joint session of Congress. (Melina Mara/The Washington Post via Getty Images)

Erasing $50,000 in federal student loan debt by executive order appears to be off the table as President Joe Biden continues to evaluate some sort of debt relief amid mounting pressure from fellow Democrats.

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