JustRedPillMe
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Biden's Student Loan Forgiveness Is Estimated to Cost $430 Billion
| Claim: | Biden's Student Loan Forgiveness Is Estimated to Cost $430 Billion |
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| Rating: |
True
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| Finding: | On September 26, 2022, the Congressional Budget Office (CBO), released a document analyzing Joe Biden's student loan forgiveness plan. |
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COMPLETE REDPILL(true) |
On September 26, 2022, the Congressional Budget Office (CBO), released a document analyzing Joe Biden’s student loan forgiveness plan. In this document, the CBO estimated the entire cost of the plan to be $430 Billion.
As of June 30, 2022, 43 million borrowers held $1.6 trillion in federal student loans.6 About $430 billion of that debt will be canceled, CBO estimates.
Their released document is available here (the quoted estimation is on page 3):
Links to Evidence:
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COMPLETE REDPILL(true) |