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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