Student Loan Debt Wipeout to Cost $24 Billion per Year, White House Says

The White House said Friday that President Joe Biden’s student loan indebtedness forgiveness programme would cost taxpayers $24 cardinal per twelvemonth but that it considers it “fully paid for” due to the fact that it’s offset by the administration’s shortage reduction. White House Press Secretary Karine Jean-Pierre disclosed the Biden administration’s outgo estimation for the indebtedness wipeout programme successful an Aug. 26 statement, which cam...