Biden Hands Out $7.4B Student Loan Plan While Price of Eggs Is Up 104%

By Mike Fishmore | April 13, 2024

Canceling student debt

Despite the United States Supreme Court's earlier decision deeming President Biden's extensive student loan forgiveness plan unlawful, he is now moving forward with a new initiative for partial loan forgiveness.
 

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"Today, my Administration is canceling student debt for 277,000 more people, bringing the total number of Americans who have been approved for debt relief so far under my Administration to 4.3 million borrowers through various actions," the White House said on Friday.
 

Hefty cost

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This new plan carries a hefty cost of $7.4 billion for taxpayers, adding to their financial burden amidst soaring inflation rates.