Biden’s plan to forgive student loans will cost $400 billion, CBO estimates
The Congressional Budget Office, a nonpartisan watchdog, estimated Monday that President Joe Biden’s plan to forgive $10,000 to $20,000 in student loans per eligible borrower would cost $400 billion. Other watchdogs have said Biden’s plan could cost between $500 billion and $1 trillion.
(END) Dow Jones Newswire
Copyright (c) 2022 Dow Jones & Company, Inc.