News > White House refuses to say who will pay for Biden $500,000,000,000 student loan handout

White House refuses to say who will pay for Biden $500,000,000,000 student loan handout

The White House remains mum on how it plans to pay for President Biden's decision to cancel between $10,000 to $20,000 in student debt for some Americans or if future tax hikes will be needed to cover the proposal which, by some estimates, costs more than $500 billion. 

Despite unveiling the policy earlier this week, administration officials have yet to clarify how the proposal will be paid for in the long term.