Strategists warn of midterm ramifications after Biden announces $300 billion student loan handout
Fox News
Some Democratic and Republican strategists are warning that President Biden's plan to eliminate an estimated $300 billion worth of student will impact the midterm elections.
Kyle Morris covers politics for Fox News. On Twitter: @RealKyleMorris.
According to the Penn Wharton Budget Model, a one-time maximum debt forgiveness of $10,000 for borrowers who make less than $125,000 will cost around $300 billion for taxpayers.
Speaking to Fox News Digital about the implications of Biden's decision, strategists from both sides of the aisle offered their analysis on how the student loan debt forgiveness will affect the November elections.
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