White House suggests Biden's $500B student loan handout will be paid for with deficit spending

Contributing sentiments towards policy:

58% : Coinciding with the announcement is a new Education Department proposal that allows borrowers to cap undergraduate loan repayment at 5% of their monthly income, adding to the cost to taxpayers of the handout.
51% : The White House is also extending a pause on student loan payments through the end of the year.
48% : Rep. Ilhan Omar, D-Minn., joins a demonstration outside the White House, calling for the cancellation of student debt, April 27, 2022.
47% : Biden last week announced plans to forgive $10,000 in student debt for borrowers making less than $125,000 annually.
41% : Activists demonstrate outside the White House calling for the cancellation of student debt, April 27, 2022.
41% : "All of that is eventually going to drive up taxes because, at some point, you'll have to figure out a way to pay that debt."
36% : White House officials say President Biden's decision to cancel between $10,000 and $20,000 in student debt for millions of Americans is fully paid for because of a drop in the federal deficit, an argument that suggests the full cost of the policy will just be piled on top of the national debt.

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