Six states have filed a lawsuit to stop Biden’s plan to cancel student debt. The lawsuit claims that the state’s higher education lending programs would suffer as a result of the lawsuit,…
Tag: student loan forgiveness
Student Loan Forgiveness Adds to Inflation Woes
The White House’s action is completely at odds with its talk of deficit reduction, MacGuineas said. By forgiving billions in student loans, the nation’s deficit will increase twice as much – it reached $2.8 trillion in the fiscal year 2021, the second-highest in history – undoing the $300 billion Democratic plans for deficit reduction. She added that the president undid a year’s worth of work on the fiscal front with a pen stroke.
