Last week, President Biden signed an executive order canceling up to $20,000 in student loan debt for individuals making under $125,000 and married couples making under $250,000. Missing from Biden's action was an estimate as to what the total cost of this executive order would be.
In this episode of YDHTY, Dan speaks with Marc Goldwein of the Committee for a Responsible Federal Budget on the estimated costs of this bill, what impact it will have on the larger problem of the affordability of higher education, and whether it will negatively impact an economy already struggling with inflation.
You can listen to the episode via the player below, or through the following links: