How is U.S. paying for student loan relief?

White House Press Secretary Karine Jean-Pierre was questioned about how the Biden administration plans to pay for the student loan forgiveness plan.

Video transcript

- If you don't know how much it's going to cost, how can you guarantee that it's going to be paid for, even if you're defining "paid for" in a way that some of us have questions about.

KARINE JEAN-PIERRE: What I can tell you is this, is that we have done the work to make sure that this is done in a fiscal, responsible way, and a balanced way. But let's not forget, the pause will be lifted and that's going to matter as Treasury is going to get the revenues that they haven't been getting in some time.