President Biden’s student-loan policies could cost as much as $1 trillion, challenging the administration’s efforts to scale down the federal deficit
White House hasn’t released full accounting but some analysts see high cost in debt relief and modified repayment measures
President Biden said that his administration will forgive up to $20,000 in federal student loan debt for tens of millions of Americans. Independent estimates suggest the plan will cost more than $300 billion over 10 years. Photo: Evan Vucci/AP
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