White House Press Secretary Karine Jean-Pierre had no answer for who will pay for Biden's student loan bailout.

Joe Biden unilaterally announced a massive forgiveness of student loans Wednesday afternoon.

Biden canceled up to $10,000 in student debt for borrowers who earn $125,000 a year or less and up to $20,000 for recipients of Pell Grants, according to multiple sources familiar with the matter." NBC News reported.