Student loan forgiveness could increase inflation

Published: May. 1, 2022 at 7:30 PM EDT
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ATLANTA, Ga. (CBS46) - Millions of Americans face student loan debt, and maybe you’re one of them. Americans have an estimated $1.6 trillion in student loans.

President Joe Biden says he might try to forgive some of it. But as CBS46′s Meghan Packer reports, experts say that could increase inflation.