Top Budget Group Calculates Up to $1 Trillion Price Tag for Biden’s Student Loan Cancellation Program
The University of Pennsylvania’s Wharton Business Model calculates that President Joe Biden’s new student loan cancellation plan could cost over $1 trillion, depending on the program’s final parameters and people’s response to it. Biden announced on Wednesday that he was unilaterally canceling up to $10,000 student loan debt for individuals earning $125,000 or less and families making …