On Monday, President Biden met with the Congressional Hispanic Caucus – a meeting where the President reportedly made a statement about his intention to forgive $1.6 trillion of student debt.

CBS News originally reported that Biden had discussed plans to forgive an amount that would make a huge dent in the $1.75 trillion owed nationwide. $1.6 trillion would mean loan forgiveness for 43 million borrowers. Despite the widespread claims that Biden is planning to forgive “most, if not all” student debt, CBS News has since revised their claim to more accurately describe the Biden Administration’s actual plans to forgive student debt.

The story now lines up with previous statements made by President Biden regarding student loans – that Biden is “looking to forgive some federal student loan debt”.

According to a conversation between Rep. Tony Cardenas, who was present at the Hispanic Caucus meeting on Monday, and CBS News; President Biden didn’t specify how much student debt he’s planning on forgiving. He did, however, suggest that borrowers who attended public and private schools alike will both benefit from debt relief.

"The president never mentioned an amount nor did the president say that he was going to wipe out all student debt," Cardenas relayed to CBS. "He did a dialogue with us about the differential between young people who went to public schools or private schools and we CHC members said he should focus on both. And he said, 'Okay, good to know.'"

Forbes later verified that, as far as we know, Biden’s stance on student loan forgiveness remains the same: the President continues to “support up to $10,000 of wide-scale student loan forgiveness for student loan borrowers”.