Biden announces student loan debt giveaway for up to 20M as GOP, experts warn of economic disaster
President Biden caused an uproar Wednesday by announcing that his administration will forgive billions of dollars in federal student loan debt, potentially wiping the financial slate clean for 20 million Americans — despite Republicans and experts warning the bailout would worsen America’s tenuous economic situation. In unveiling the plan to write off up to $20,000 in student loan debt incurred by borrowers who have …