$10,000 Student Loan Forgiveness Program

It is expected that Joe Biden will announce Loan Forgiveness Program for Students on Wednesday

Forgivng thousand in federal student loan debt.

Extend a repayment pause to next year

Maximum loan forgiveness will be of $10,000 for borrowers.

It cost around $300 billion for taxpayers.

More than 43 million Americans have federal student debt

By consuming over ten years of deficit reduction and eliminating disinflationary effects, the forgiveness plan would undercut the newly passed Inflation Reduction Act.