Sep 1, 2022
What impact will President Biden's executive action providing debt relief to those with student loans have on the cost of education and the economy as a whole? Marc Goldwein from the Committee for a Responsible Federal Budget discusses the impact this will have on inflation and how this program might make student loans more expensive in the long run.
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You can find a write-up on the total cost of Biden's debt releif program here: https://www.crfb.org/blogs/new-student-debt-changes-will-cost-half-trillion-dollars
You can also learn more about how this will impact inflation here: https://www.crfb.org/blogs/student-debt-changes-would-boost-inflation