New Biden student loan forgiveness plan would cost $84 billion if implemented, analysis finds

Published April 11, 2024 4:10pm ET



President Joe Biden’s new student loan forgiveness plan would cost $84 billion if implemented, a new analysis found.

According to the Penn Wharton Budget Model, which released its analysis Thursday, the $84 billion is in addition to his previously stated SAVE plan, which the organization estimates could cost taxpayers $475 billion.

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