Karine Jean-Pierre says White House doesn't have 'real sense' of how much student loan handout will cost
Fox News
White House press secretary Karine Jean-Pierre admitted the White House does not have a "real sense" of how much President Biden's student loan handout will cost.
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"All of this, when it comes to cost, will depend on how many of the loans canceled were actually expected to be repaid," Jean-Pierre said. "It will depend on how many borrowers actually take up this opportunity before we have a real sense."
Jean-Pierre went on to argue that the cost will be offset by the deficit reduction included in other Biden administration priorities. She told reporters that the bill will not be "fully paid for" internally as past White House initiatives have been, but will be further offset by the resumption of loan payments after being paused since 2020.
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