CBO: White House plan to relieve student loan debt costs $400 billion

Summary by Ground News

Biden administration previously estimated the plan would cost about $24 billion a year over the next 10 years. Other estimates put the total cost at $500 billion or more over the decade. The White House defended the plan, saying it will provide relief to struggling borrowers, allowing them to start businesses, buy homes or just pay their bills.

Published 8 months ago · Washington, United States

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News18 India

Biden’s Student Debt Relief Plan to Cost $400 Billion, Numbers Likely to Fuel Debate Between Dems, GOP

US President Joe Biden's plan to forgive part of the country's massive student debt burden is estimated to cost the government $400 billion, the Congressional Budget Office said Monday

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Reuters

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The Independent

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USA Today

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Associated Press News

CBO: Biden's student debt plan would cost $400 billion

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abc News

Biden's student loan forgiveness will cost $400B, new estimate says, as White House pushes back

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