During a recent town hall, Joe Biden appeared to balk at the progressives’ dream to cancel student loan debt.

According to The Hill:

President Biden on Tuesday balked at forgiving $50,000 in student loan debt, saying he doesn’t have the power to do so unilaterally.

“I do think in this moment of economic pain and strain that we should be eliminating interest on the debts that are accumulated, No. 1. And No. 2, I’m prepared to write off the $10,000 debt, but not [$50,000],” Biden said, saying he doesn’t believe it can be done with presidential action.

The White House previously said the Office of Legal Counsel was reviewing whether Biden could unilaterally cancel federal student loan debt.

That came after White House press secretary Jen Psaki said Biden would sign a bill forgiving $10,000 of student loan debt if Congress passed a bill.

Supporters have said that Biden has the authority to forgive debt as the chief executive.