President Biden is looking at different options to forgive most, if not all, federal student loan debt – a move that would thrill some of his most loyal supporters and financially strapped students nationwide, but is a departure from campaign pledges to provide limited relief.

The president shared his plans during a 90-minute White House meeting Monday with members of the Congressional Hispanic Caucus, participants in the exchange tell CBS News. The move could affect more than 43 million borrowers who hold more than $1.6 trillion in federal student loan debt, the second-largest debt held by Americans, behind mortgages…

When Hispanic Caucus members mentioned student loans, the president said he’s asked aides to explore his options – a signal to lawmakers that he may be willing to go farther than he pledged during the campaign.

“They’re looking at different options on what they can do. On forgiving it entirely. That was our request,” said one of the lawmakers in attendance, who asked for anonymity to speak frankly about the meeting.