US student debt relief plan estimated to cost $400 billion ...Middle East

WASHINGTON: US President Joe Biden's plan to forgive part of the country's massive student debt burden is estimated to cost the government $400 billion, the Congressional Budget Office said Monday.The estimate, requested by conservative lawmakers and issued by an apolitical federal body, is expected to add further fuel to the heated controversy between Democrats and Republicans over the topic.“CBO estimates that the cost of student loans will increase by about an additional $400 billion in present value” as a result of the debt forgiveness, it said.But a White House official noted, “CBO called its own estimate ‘highly uncertain.’ We agree.”Republicans accuse Biden of wasting money on the mea

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