Helping the little guy as always. More available funds for these debt dodgers to donate to Democrats, however.
Biden’s student loan cancellations to cost taxpayers $559B as households earning $300K benefit the most: study
President Biden’s latest student loan cancellation plans will increase the total cost to taxpayers to a whopping $559 billion and benefit households earning more than $300,000 in annual income the most, according to a new study.
The University of Pennsylvania’s Penn Wharton Budget Model estimates that several new student loan debt cancellation provisions announced by the Biden administration last week will cost taxpayers $84 billion over 10 years.
The $84 billion figure is in addition to the $475 billion in projected costs over a decade for Biden’s Saving on a Valuable Education (SAVE) Plan – an income-driven repayment scheme that the 81-year-old president rolled out last summer.
Biden’s student loan cancellations to cost taxpayers $559B as households earning $300K benefit the most: study
President Biden’s latest student loan cancellation plans will increase the total cost to taxpayers to a whopping $559 billion and benefit households earning more than $300,000 in annual income the most, according to a new study.
The University of Pennsylvania’s Penn Wharton Budget Model estimates that several new student loan debt cancellation provisions announced by the Biden administration last week will cost taxpayers $84 billion over 10 years.
The $84 billion figure is in addition to the $475 billion in projected costs over a decade for Biden’s Saving on a Valuable Education (SAVE) Plan – an income-driven repayment scheme that the 81-year-old president rolled out last summer.
Last edited by a moderator:
