Economist Warns Biden’s Student Debt Forgiveness Will Only Increase Inflation, Courts Could Chime In

More than eight million people have applied for the Biden administration’s debt forgiveness program. While the website officially launched this week, its future is far from certain.

Economists on both sides of the aisle say forgiving student debt will increase inflation. The program is also facing a number of court challenges.

Qualified borrowers could soon get up to $10,000 or $20,000 worth of college loans wiped out. More than 40 million people may qualify for some student loan forgiveness.

Read the full story from CBN’s Matt Galka:
https://www1.cbn.com/cbnnews/politics/2022/october/economists-warn-bidens-student-debt-forgiveness-will-only-increase-inflation-courts-could-also-chime-in

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