CBO: White House plan to relieve student loan debt costs $400 billion
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Joe Biden’s student loan forgiveness plan will cost $400 billion, budget office says
Joe Biden’s plan to cancel up to $20,000 in student loan debt for federal aid borrowers is expected to cost about $400 billion, according to the Congressional Budget Office. The estimate is for a period of the next 10 years and will add to the country's deficit, it said.Additionally, the pause on federal student loan repayments cost $20 billion from September to December 2022, the agency said.Though, the office also said its estimates are "uncer…
·Portland, United States
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Total News Sources106
Leaning Left21Leaning Right19Center63Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 20%
C 61%
R 18%
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