Americans already reacting to Biden's reported student loan handout plan: 'Highly suspicious'
Fox News
President Biden will reportedly release a student handout plan that would remove $10,000 in student loans per individual. Americans who toiled to get rid of their own student debt shared thoughts.
"I'd make sure to read the fine print on any loan forgiveness to fully understand all consequences, repercussions and taxes that may come due." "Basically, when it comes to the government forgiving all or part of anyone's student loans, I'd be skeptical." Maureen Mackey is managing editor of lifestyle for Fox News Digital. Story tips can be sent on Twitter at @maurmack.
The nation's federal student debt now tops $1.6 trillion after ballooning for years. More than 43 million Americans have federal student debt, with almost a third owing less than $10,000 and more than half owing less than $20,000, according to the latest federal data.
The U.S. federal debt is projected to nearly double the size of the economy by 2051, slowing economic growth and raising the risk of a fiscal crisis, the Congressional Budget Office said in late July, as FOX Business reported.
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