The CBO estimates that $430 billion in debt will be wiped out under Biden’s plan, assuming that 90% of income-eligible borrowers will apply for debt cancellation.
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Biden's student loan forgiveness will cost $400B, new estimate says, as White House pushes backPres. Biden's federal student loan forgiveness plan will cost $400 billion over 10 years, according to a revised estimate this week from the Congressional Budget Office.
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CBO: Biden's student loan cancellation plan to cost $400BThe Biden administration previously estimated the plan would cost about $24 billion a year over the next 10 years.
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CBO: Biden's student loan cancellation plan to cost $400BThe Biden administration previously estimated the plan would cost about $24 billion a year over the next 10 years.
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CBO: Student debt plan could cost $400B“It’s a stark contrast to the Trump tax bill, which ballooned the deficit by nearly $2 trillion and provided the vast majority of benefits to big corporations and the wealthiest individuals,” White…
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Biden’s $10,000 Student Loan Relief Plan Would Cost $400 Billion, CBO EstimatesPresident Biden’s student debt relief plan would cost about $400 billion, the CBO said Monday. See potential bias and similarities in coverage from Forbes, NBCNews and dcexaminer: CBO StudentLoans
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