Biden’s student loan forgiveness program will cost $24 billion a year over next decade -White House

2022.08.26 20:58

U.S. President Joe Biden attends a meeting with state and local elected officials on Women’s Equality Day at the White House in Washington, U.S., August 26, 2022. REUTERS/Leah Millis

WASHINGTON (Reuters) – U.S. President Joe Biden’s decision to forgive up to $20,000 in student loan debt will cost the government about $24 billion a year over the next 10 years, Bharat Ramamurti, director of the White House National Economic Council, said on Friday.

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