Sadly swept from the headlines
Cost estimate, we hardly knew ye:
Joe Biden’s plan to cancel up to $20,000 in student loan debt for federal aid borrowers is expected to cost about $400 billion, according to the Congressional Budget Office...
About 95% of borrowers meet the criteria for forgiveness and about 45% of borrowers will have their balances completely wiped out, the CBO said.
Here is the full story.