White House Has Not Studied How Forgiving Student Loans May Impact Inflation: Psaki

White House Has Not Studied How Forgiving Student Loans May Impact Inflation: Psaki
White House press secretary Jen Psaki speaks at a daily press conference in the James Brady Press Briefing Room of the White House in Washington on April 29, 2022. Sarah Silbiger/Getty Images
Katabella Roberts
Updated:

The Biden administration is weighing up using income to determine eligibility as part of a potential plan to cancel hundreds of millions of dollars of federal student loan debt but has not yet analyzed how it would impact inflation, the White House said Monday.

Biden promised during his 2020 presidential campaign that he would cancel $10,000 debt for each borrower.

Katabella Roberts
Katabella Roberts
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Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
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