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Biden’s Student-Loan Forgiveness Plan Could Cost $400 Billion, CBO Says
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President Biden’s plan to cancel student debt for some borrowers will cost the federal government an additional $400 billion, according to the nonpartisan Congressional Budget Office.
The estimates released Monday are the latest to put a price tag on the administration’s student-loan modification plans, in the absence of a detailed accounting from the White House. A range of analyst estimates reflects the considerable complexity of projecting the performance of the federal government’s student-loan portfolio, and raises questions about how the moves will ultimately affect the federal budget.
Read more on wsj.comAbout this in other media
Student Loan Forgiveness Application to Require Only Basic Data From Many Borrowers wsj.com /2 years ago
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