The White House refused to directly say who will be on the hook for a student loan forgiveness plan announced Wednesday that could cost upwards of $300,000,000,000.
Fox News White House correspondent Peter Doocy questions press secretary Karine Jean-Pierre about President Biden’s student loan handouts.on Wednesday declined to say who will be on the hook for a massive $300 billion student loan forgiveness plan announced by President Biden moments earlier.
During a news briefing, White House Press Secretary Karine Jean-Pierre outlined the benefits of the plan but skirted questions about who will pay for it when asked by Fox News correspondent Peter Doocy. Jean-Pierre replied that once the pause on student loan payments is lifted at the end of 2022, the funds will"offset a lot of what we're doing as well."
"When you think about the $4 billion that's going to go back into, as revenue, back into this process as folks paying their college tuition, that matters as well," she said."We're doing this in a smart way. We're doing this in a way that's going to be effective." President Biden waves after returning to the White House in Washington, Wednesday to announce his student loan forgiveness plan."But somebody's paying for it. Who?" he asked, but received no direct answer.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hyundai rappelle plus de 120 000 VUS Palisade | Actualités automobile | Auto123Hyundai doit rappeler 120 000 unités de son VUS Palisade en raison d’un problème avec les essuie-glace. Auto123 a les détails.
Read more »
Biden student loan handout is 'economically responsible,' White House press secretary saysWhite House Press Secretary Karine Jean-Pierre said that President Biden's plan to forgive up to $20,000 in student loans is 'economically responsible.'
Read more »
White House holds press briefing after president announces student loan handout
Read more »
Top universities sitting on over $200B in endowments while taxpayers foot bill for Biden student debt handoutPresident Biden unveiled plans to give a massive student loan debt handout using taxpayer money even as the endowments of large universities are worth tens of billions of dollars.
Read more »
Biden cancels up to $20K in student loans for Pell Grant recipients, $10K for millions of othersThe White House also extended the moratorium on monthly student loan payments and interest through Dec. 31.
Read more »