Biden’s student-debt-forgiveness plan may cost up to $1 trillion, challenging deficit goals5 min read . Updated: 05 Sep 2022, 06:23 PM IST
White House hasn’t released full accounting but some analysts see high cost in debt relief and modified repayment measures
President Biden’s plan to cancel student debt and modify payments for millions of Americans could cost as much as $1 trillion, according to budget analysts, challenging the administration’s efforts to scale down the federal deficit.
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