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What Next: Biden’s Student Loan Ambivalence

Slate Daily Feed

Slate

Business, News, Society & Culture

3.91.1K Ratings

🗓️ 23 May 2022

⏱️ 25 minutes

🧾️ Download transcript

Summary

President Biden ran on a promise to forgive $10,000 in student loans back in 2020—but so far, there hasn’t been much movement on that front. Between the pros, the cons, and the politics, one thing is clear: fixing higher education will take more than an executive order. Guest: Jordan Weissmann, writer and editor focused on economics, public policy, and politics at Slate. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get benefits like zero ads on any Slate podcast, bonus episodes of shows like Slow Burn and Dear Prudence—and you’ll be supporting the work we do here on What Next. Sign up now at slate.com/whatnextplus to help support our work. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Jordan, does President Biden want to cancel student loan debt?

0:12.6

He seems to be getting into getting into the idea.

0:18.0

Jordan Weisman covers the economy for slate.

0:21.0

I called him up to talk about these rumors that Joe Biden is about to forgive a huge chunk

0:27.1

of American student loan debt.

0:29.3

I was curious about what was happening here, because President Biden, he has never been

0:33.8

enthusiastic about this idea.

0:37.0

My impression, watching the Biden campaign, he was kind of bullied into the idea of promising

0:44.2

to cancel student loan debt by Elizabeth Warren, who was like, I'm getting rid of this

0:48.4

on day one.

0:49.4

Barely even, I'd say he is like grudgingly suggested he might sort of do something

0:56.0

possibly.

0:58.0

His stance, no promises.

1:01.0

Yeah, no problem.

1:02.0

Basically, during his campaign, what he said is he would be open to canceling up to $10,000

1:06.8

of student debt.

1:07.8

Oh, and by the way, Congress should do it.

1:09.8

Right.

1:10.8

That was the key.

1:11.8

He's like, if Congress will do it.

1:12.8

And I mean, Congress was not going to do this.

1:16.9

After getting elected, President Biden stuck to his guns on this, even when voters confronted

...

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