Penn Wharton says Biden student loan plan could exceed $1 trillion

Penn Wharton says Biden student loan plan could exceed $1 trillion

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The Facts Inside Our Reporter’s Notebook The Biden administration's student loan debt cancellation plan may cost more than $1 trillion, according to an analysis from the University of Pennsylvania's Penn Wharton Budget Model.
President Joe Biden last week announced his plan to forgive up to $20,000 in student loans for Americans who received Pell Grants and up to $10,000 in loans for those who did not receive Pell Grants if they make less than $125,000 or $250,000 as a family.
The largest potential cost-driver Penn Wharton identified is the Biden administration's new income-driven repayment plan, which includes capping monthly student...
Source: https://justthenews.com/government/white-house/penn-wharton-says-biden-student-loan-plan-could-exceed-1-trillion?utm_source=justthenews.com&utm_medium=feed&utm_campaign=external-news-aggregators