January 1, Mark Cuban Backs Biden’s Polarizing Initiative

Entrepreneur Mark Cuban said that he supports President Joe Biden’s polarizing proposal to cancel at least $10,000 in student loan debt per borrower.

But, the Dallas Mavericks owner says the more urgent problem is addressing the “ridiculous” tuition fees.

“We don’t want this being a perennial problem,” Cuban told Insider. “It has to be fixed. As far as how much should be forgiven, I’m good with the Biden proposal.” 

Cuban’s comment marks a turn from 2015, when he said he was against canceling student debt because “all it does is bail out the universities.”

Late last month, multiple reports confirmed that Biden is weighing action to cancel at least $10,000 per borrower, though the White House has not made any official announcements.

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Mark Cuban supports Biden’s proposal to forgive $10,000 in student debt per borrower as long as ‘ridiculous tuition fees’ are addressed alongside it: ‘We don’t want this being a perennial problem’