Biden Announces Historic Student Loan Forgiveness
Student Loan Forgiveness:
Biden cancels $10,000 in student debt for millions
President Biden is expected to A
nnounce A Much-Anticipated Loan Forgiveness
Americans are poised to foot a nearly
$300 Billion Deal
with President Biden.
President Biden’s expected announcement on Wednesday to
forgive thousands in federal student loan debt
and extend a repayment pause to next year.
According to a recent analysis from the Committee for a Responsible Federal Budget (CRFB), the
$10,000 Forgiveness Plan.
Would undermine the recently passed
Inflation Reduction Act
by consuming nearly 10 years of deficit reduction and wipe out disinflationary benefits.