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Biden’s Student Loan Debt Cancellation Could Cost $400 Billion: CBO

Por: MarketWatch Business October 02, 2022

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In addition, Biden extended a pause on loan repayments until the end of the year, rather than Aug. 31. That delay will cost $20 billion, the CBO estimated. Its estimate doesn’t include the cost of a separate measure allowing borrowers to repay a smaller share of their debt. Biden lowered the payment to 5% of their monthly discretionary income from the previous 10%.  Those who borrowed $12,000 or less would see their balances canceled after 10... + full article



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