Biden just quietly created the largest student debt handout program in U.S. history

The Biden administration has rolled out smaller debt relief programs in the wake of the Supreme Court’s decision.

Justin Haskins is the director of the Socialism Research Center at The Heartland Institute and a New York Times bestselling author.

However, as important as these legal and political battles are, a much more significant policy has also been put into place by the White House. And unlike the others, it has received very little attention from the press or members of Congress. If it is allowed to remain in place, it will cost, at minimum, hundreds of billions of dollars over the next two decades. Over a long enough period, it will likely surpass $1 trillion, making it the most expensive debt cancellation plan ever created.

The reason so few people are talking about the new debt cancellation plan is because it’s buried in a new student debt repayment plan. Additionally, the debt forgiveness would happen over time, not in one fell swoop.