Student loan forgiveness plan will have minimal impact on current inflation, expert says

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Student loan forgiveness plan will have minimal impact on current inflation, expert says
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More than 40 million Americans could see their student loan debt reduced — and in many cases eliminated — under the long-awaited forgiveness plan President Biden announced Wednesday.

— and in many cases eliminated — under the long-awaited forgiveness plan Biden announced Wednesday, a historic but politically divisive move in the run-up to the midterm elections.

Some said student loan payments that are cut or cleared could give people more money to spend elsewhere.News4JAX spoke with an economist about this idea.

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