Biden student loan forgiveness will cost $400 billion over 10 years, CBO estimates

Posted on AllSides September 26th, 2022
From The Right

The Biden administration's plan to forgive a significant portion of federal student loans will cost roughly $400 billion, according to new estimates from the Congressional Budget Office.

In a letter to Sen. Richard Burr (R-NC) and Rep. Virginia Foxx (R-NC), the senior Republicans on the Senate and House education committees, Phillip Swagel, the director of the CBO, estimated that the student loan plan announced by the Biden administration last month will cost about $400 billion but that the estimate was "highly uncertain."

Read full story
Some content from this outlet may be limited or behind a paywall.

Washington Examiner

AllSides Media Bias Rating: Lean Right
AllSides Media Bias Rating: Lean Right
See full bias rating for Washington Examiner
Learn about media bias

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right