White House Press Secretary Karine Jean-Pierre said Biden's student loan plan could cost $24 billion a year but admitted the administration still isn't totally sure of the cost.
KARINE JEAN-PIERRE SAYS WHITE HOUSE DOESN'T HAVE ‘REAL SENSE’ OF HOW MUCH STUDENT LOAN HANDOUT WILL COSTWhite House Press Secretary Karine Jean-Pierre holds the daily press briefing at the White House in Washington, D.C., U.S. August 25, 2022.
Earlier Thursday, she admitted that the Biden administration isn’t yet sure of the cost and said it would depend heavily on borrowers and how many of the loans were expected to be repaid. "All of this, when it comes to cost, will depend on how many of the loans canceled were actually expected to be repaid," Jean-Pierre said."It will depend on how many borrowers actually take up this opportunity before we have a real sense."priorities.
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