Fact Check: Republicans Say 87% of American Adults Don’t Have Student Loans

  • Date: 31-Aug-2022
  • Source: Newsweek
  • Sector:Education
  • Country:Jordan
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Fact Check: Republicans Say 87% of American Adults Don’t Have Student Loans

President Joe Biden recently signed off on a plan to reduce federal student loan debt across America. The policy, which analysts at Pennsylvania's Wharton School of Business suggest could cost upwards of $300 billion, fulfills a Biden campaign promise.

Biden's move was celebrated by his supporters for easing the financial burden of many student debt holders.

However, his critics called the policy unfair, arguing the costs will fall onto the shoulders of those without student debt.