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Cost of canceling student debt: Roughly $400 billion, CBO says

Por: Portland Press Herald World September 27, 2022

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A White House plan to cancel student loan debt for tens of millions of Americans will cost roughly $400 billion, according to a new estimate by the nonpartisan Congressional Budget Office, increasing federal budget deficits over the next decade and beyond. President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House, Aug. 24, 2022, in Washington. The Congressional Budget Office estimates that President... + full article



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