Log in
Register
Search
Search titles only
By:
Search titles only
By:
Forums
New posts
Forum list
Search forums
Leaderboards
Games
Our Blog
Blogs
New entries
New comments
Blog list
Search blogs
Credits
Transactions
Shop
Blessings: ✟0.00
Tickets
Open new ticket
Watched
Donate
Log in
Register
Search
Search titles only
By:
Search titles only
By:
More options
Toggle width
Share this page
Share this page
Share
Reddit
Pinterest
Tumblr
WhatsApp
Email
Share
Link
Menu
Install the app
Install
Forums
Discussion and Debate
Discussion and Debate
News & Current Events (Articles Required)
CBO says Biden’s student loan cancellation plan could cost $400 billion
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="ThatRobGuy" data-source="post: 76930137" data-attributes="member: 123415"><p><a href="https://www.cnn.com/2022/09/26/politics/biden-student-loan-forgiveness-cost-cbo/index.html" target="_blank">CBO says Biden's student loan cancellation plan could cost $400 billion | CNN Politics</a></p><p></p><p>WashingtonCNN — </p><p><em>President Joe Biden’s plan to cancel up to $20,000 in federal student loan debt for low- and middle-income borrowers <a href="https://www.cbo.gov/publication/58494" target="_blank">could cost $400 billion</a>, according to a Congressional Budget Office report released Monday.</em></p><p><em></em></p><p><em>Biden announced the <a href="https://www.cnn.com/2022/08/31/politics/biden-student-loan-forgiveness-faq/index.html" target="_blank">forgiveness plan</a> in August, after facing mounting pressure from progressives to broadly cancel some student loan debt.</em></p><p><em></em></p><p><em>The Department of Education plans to release an application for the program in October. No student debt has been canceled yet.</em></p><p><em></em></p><p><em>The CBO, which conducts nonpartisan analysis for Congress, warned in the report that the estimates are “highly uncertain.”</em></p><p><em></em></p><p><em>The estimate relies on a number of assumptions, including how many eligible borrowers will apply, as well as what portion of the outstanding federal student loan debt may not have been repaid anyway over the lifetime of the loans due to other existing forgiveness programs, for example. Those projections depend in part on future economic conditions, the CBO said.</em></p></blockquote><p></p>
[QUOTE="ThatRobGuy, post: 76930137, member: 123415"] [URL="https://www.cnn.com/2022/09/26/politics/biden-student-loan-forgiveness-cost-cbo/index.html"]CBO says Biden's student loan cancellation plan could cost $400 billion | CNN Politics[/URL] WashingtonCNN — [I]President Joe Biden’s plan to cancel up to $20,000 in federal student loan debt for low- and middle-income borrowers [URL='https://www.cbo.gov/publication/58494']could cost $400 billion[/URL], according to a Congressional Budget Office report released Monday. Biden announced the [URL='https://www.cnn.com/2022/08/31/politics/biden-student-loan-forgiveness-faq/index.html']forgiveness plan[/URL] in August, after facing mounting pressure from progressives to broadly cancel some student loan debt. The Department of Education plans to release an application for the program in October. No student debt has been canceled yet. The CBO, which conducts nonpartisan analysis for Congress, warned in the report that the estimates are “highly uncertain.” The estimate relies on a number of assumptions, including how many eligible borrowers will apply, as well as what portion of the outstanding federal student loan debt may not have been repaid anyway over the lifetime of the loans due to other existing forgiveness programs, for example. Those projections depend in part on future economic conditions, the CBO said.[/I] [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Discussion and Debate
Discussion and Debate
News & Current Events (Articles Required)
CBO says Biden’s student loan cancellation plan could cost $400 billion
Top
Bottom