Student Loan Forgiveness Plan Sparks Anger Over Who Will Pay Bill

Student Loan Forgiveness Plan Sparks Anger Over Who Will Pay Bill

Republicans have hit out at President Joe Biden's student debt forgiveness plan, questioning who will pay for the scheme which could cost the average taxpayer over $2,000 according to one estimate.

Under Biden's proposals, all former U.S. students earning less than $125,000 a year with an outstanding loan will be entitled to as much as $10,000 in debt forgiveness, and Pell Grant recipients will be entitled to up to $20,000.

Republican Representative from Texas Troy Nehls tweeted on Wednesday: "Nothing is free, and someone is ALWAYS footing the bill. This time it's 87% of Americans without student loans."