Biden Announces Historic Student Loan Forgiveness

Student Loan Forgiveness: Biden cancels $10,000 in student debt for millions

President Biden is expected to Announce A Much-Anticipated Loan Forgiveness program Wednesday.

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.