Biden Loan Cancellation Could Cost More Than $1,000,000,000,000, Says Penn Wharton Budget Model

Rear view of group of university graduates in black gowns lines up for degree in university graduation ceremony. Concept education congratulation, student, successful to study.
President Joe Biden’s plan to have taxpayers pay for student loans could cost more than $1 trillion, according to the Penn Wharton Budget Model. Debt cancellation alone will cost up to $519 billion, the model found, with loan forbearance costing another $16 billion. In light of behavioral changes and program details, though, the total sum could be over $1 trillion. “The rich rules over the poor, And the borrower is servant to the lender.” Proverbs 22:7 The estimate is

This content is restricted to site members. If you are an existing user, please log in. New users may register below.

Existing Users Log In
New User Registration
*Required field