Biden pressured by the Left on student loans

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The student loans debate is the latest issue in which President JoeBiden finds himself caught between the Democratic Party's centrist and liberal wings.

Critics charge that Biden hasn't done enough to address the $1.7 trillion student debt load, while more conservative voices point to the need for financial accountability for taxpayers who would be on the hook for any"canceling" of the debt.

Biden played a role in making student debt so difficult to escape, even through bankruptcy, by backing a 2005 Senate bill that Hauser calls a"pro-creditor approach to bankruptcy." More focus should instead be spent on lowering college costs, he added, which will address the roots of the issue as a long-term solution.

White House press secretary Jen Psaki was asked last week why Biden has not pushed harder to have taxpayers absorb student loans.

 

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