Karine Jean-Pierre throws out rough $24B a year estimate for student loan handout plan: 'We’re going to see'
Fox News
White House Press Secretary Karine Jean-Pierre said Biden's student loan plan could cost $24 billion a year but admitted the administration still isn't totally sure of the cost.
She continued, "I said assuming people take us up on this student debt relief plan that the president put forth that’s why I said assuming 75%, so we are going to share what that’s going to look like. I wanted to give you a little bit of what we’re thinking how this is… how this is going to move forward."
The $24 billion a year estimate is under the nonpartisan Committee for a Responsible Federal Budget’s analysis released Thursday that the program will cost between $440 and $600 billion, settling on a central estimate of approximately $500 billion.
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